Constellation 2020 Basis Locks.pdf

This document consists of multiple Transaction Confirmations for natural gas supply agreements between Constellation NewEnergy-Gas Division, LLC (CNEGAS) as the seller and the Wisconsin Department of Administration as the buyer, along with the State of Wisconsin. The agreements cover various Wisconsin state facilities and institutions across different areas, with Account Manager Jeanette Ewerdt overseeing most transactions and Jake Kroll managing others. The confirmations are executed under a master Gas Supply Agreement effective 6/8/2016, with individual transaction dates of 6/7/2019.

The contracts provide natural gas supply to multiple Wisconsin state facilities including correctional institutions, state universities (UW La Crosse, UW Eau Claire, UW Stout), schools, and various state areas for the delivery period of January 1, 2020 through December 31, 2020. The agreements are structured as Secondary Firm arrangements with monthly fixed quantities measured in MMBtu, with prices typically ranging from $0.05700 to $0.39590 per MMBtu depending on the facility and time period. Pricing is inclusive of fuel to delivery points and represents basis-only pricing without commodity costs, which are determined by NYMEX last day settle prices. The contracts include incremental pricing provisions for additional quantities, balancing services, operational flow order procedures, and default extension terms for successive 12-month periods unless terminated with 30-day notice. Total contract values span multiple deal numbers with quantities varying significantly across facilities based on their energy requirements.