Schedule A2 - Transaction Confirmation (Large Commercial).pdf
PDF 256 KB Posted
- Solicitation number
- RFP-171-180000000077-3
- Issued by
- Michigan
About this file
This is a Transaction Confirmation Schedule A2 form for the State of Michigan's Gas Customer Choice Fixed Price Program, specifically for large commercial customers with annual aggregate usage over 500 Mcf. The document outlines the terms between a gas Seller and MiDEAL member Buyers, with terms becoming binding unless disputed in writing within 2 business days. The agreement includes provisions for an initial term with effective and end dates to be specified, followed by a possible month-to-month continuation that can be canceled without penalty after the initial term expires.
The pricing structure is based on a fixed price per Mcf, with termination fees applicable if the Buyer terminates before the contract expiration. The termination fee is calculated by multiplying the projected future volume by the difference between the contract price and market price (defined as NYMEX settlement price plus basis cost). The agreement includes a 14-day cancellation period for the Buyer, which can be waived with initials. The document includes sections for facility listings with DTE Account/Consumers POD numbers, service addresses, and service cities. The gas is to be delivered through the specified utility's delivery system.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Schedule A1 - Transaction Confirmation (Small Commercial).pdf | ||
| Vendor Questions Worksheet.docx | DOCX document | |
| Instructions To Bidders AD1.pdf | ||
| Standard Contract Terms.pdf | ||
| Addendum 2 Q & A.pdf | ||
| Addendum 1 Instructions.pdf |
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Text version
Transaction Confirmation – Schedule A2 Gas Customer Choice - Sellers Name
FIXED Price Program (Large Commercial with annual aggregate usage over 500 Mcf)
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:
Termination: Buyer has the right to terminate participation at any time, provided, however that if Buyer elects to terminate prior to the expiration of this Transaction, it shall pay to Seller a “Termination Fee”. The Termination Fee shall compensate the Seller for volumes secured by the Seller on Buyer’s behalf and not delivered to Buyer. The Termination fee shall be calculated by multiplying the projected future volume (based on Sellers actual historical consumption) the difference in the per Mcf price in this Schedule and the “Market Price”.
Market Price shall be the average of the New York Mercantile Exchange (NYMEX) contract settlement price plus basis cost for each month remaining in this agreement.
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 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 transaction has 14-days after today to cancel this contract for any reason through written or verbal notification to Seller.
__________________ I agree to waive my 14 day right to cancel this transaction (Customers Initials)
If Buyer terminated this transaction today, and if the unconditional cancellation period did not apply, based on the current gas prices and Buyers historical usage, a good faith estimate of Buyers Termination Fee would be $_____________. This Termination Fee is subject to change as Buyers usage and market price of gas fluctuate.
Seller:
By:
Title:
Buyer: MiDEAL Member
By:
Title:
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 .