Schedule A1 - Transaction Confirmation (Small Commercial).pdf
PDF 257 KB Posted
- Solicitation number
- RFP 171 180000000077 3
- Issued by
- Michigan
About this file
This is a Transaction Confirmation form (Schedule A1) for the State of Michigan's MiDEAL (Michigan Department of Energy, Advanced Planning, and Utilities) Gas Customer Choice program, establishing a fixed-price gas supply agreement between a commercial gas supplier (Seller) and a small commercial MiDEAL member (Buyer) with annual aggregate usage of 500 Mcf or less. The agreement specifies a fixed price per Mcf with an effective date and end date to be completed by both parties, along with estimated annual consumption figures and utility delivery information. The contract includes a 30-day unconditional right to cancel following execution, with the option to continue on a month-to-month basis after the initial term expires without penalty.
The pricing structure establishes a fixed price per Mcf for the contract term, with early termination fees capped at $150 for agreements of one year or less and $250 for agreements longer than one year. Termination fees are calculated based on projected future volumes compared to NYMEX contract settlement prices plus basis costs for remaining contract months. The agreement requires execution by legally authorized representatives from both the Seller and Buyer (identified as a Sourcing Director for the MiDEAL member), with gas delivery occurring through the designated utility's system. This transaction confirmation serves as a binding document subject to an underlying Base Contract between the parties, with any disputes requiring written notification within two business days of receipt.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Schedule A2 - Transaction Confirmation (Large Commercial).pdf | ||
| Instructions To Bidders AD1.pdf | ||
| Standard Contract Terms.pdf | ||
| Addendum 1 Instructions.pdf | ||
| Addendum 2 Q & A.pdf | ||
| Vendor Questions Worksheet.docx | DOCX document |
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Text version
Transaction Confirmation – Schedule A1 Gas Customer Choice - Sellers Name
FIXED Price Program (Small Commercial with annual aggregate usage of 500 Mcf or less)
State of Michigan
Date:
Contract Number#:
Vendor ID Number:
This Transaction Confirmation is subject to the Base Contract between Seller and Buyer dated . The terms of this Transaction Confirmation are binding unless disputed in writing within 2 Business Days of receipt unless otherwise specified in the Base Contract.
SELLER:
Company Name.
Street Address City, State, ZIP
Attn:
Phone:
Toll Free Number:
Fax:
E-mail:
BUYER:
MiDEAL Member Street Address City, State, ZIP
Attn:
Phone:
Fax:
Contract No. SOM Contract # E-mail:
Fixed Price per Mcf.
Effective Date ________________ End Date ________________ Est. Annual Consumption__________
Utility:
Right to Cancel: Customer has a 30-day unconditional right to cancel this transaction without termination fees following the date the customer signs the agreement. Customer has the right to terminate participation at any time after the unconditional cancellation period; provided, however that if Customer elects to terminate prior to the expiration of this agreement, it shall pay to Contractor a “Termination Fee”. The Termination Fee shall compensate the Contractor for volumes secured on Customer’s behalf and not delivered to Customer. Termination fees shall be calculated by multiplying the projected future volume (based on customer’s actual historical usage) by the difference in the per Mcf price in this Schedule and the “Market Price”, where the Market Price shall be the average of the New York Mercantile Exchange (NYMEX) contract settlement prices plus basis cost for each month remaining in this agreement. This maximum early termination fee for small commercial agreements of one year or less shall not exceed $150.00. The maximum early termination fee or small commercial agreements of longer than one year shall not exceed $250.00
Special Conditions:
This transaction confirmation may continue after initial term expiration on a month-to-month basis, cancelable at any time without penalty.
I acknowledge that I am the account holder or Legally Authorized Person to execute a contract and legally bind the business in this contract. I understand that by signing this transaction, I am switching the gas Supplier for this commercial account to Seller. I understand that gas purchased for this commercial account by Seller will be delivered through Utility name delivery system. The legally authorized person to execute a contract and legally bind the business in this contract has 30-days after today to cancel this contract for any reason through written or verbal notification to Seller.
Seller:
By:
Title:
Buyer: MiDEAL Member
By:
Title: Sourcing Director
Facility Listing
DTE Account #/Consumers POD # Service Address Service City
*Service Address as it appears on the utility invoice.
File details come from the government source that posted it. Updated .