TC -Area9- UW Lacrosse.pdf
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- Attached to
- Natural gas Gas Supply & Management Non - Firm
- Contract number
- 505ENT-M22-NATURAL GAS WI-00
- Issued by
- Wisconsin
About this file
This document is a Transaction Confirmation for natural gas supply services executed between Constellation NewEnergy-Gas Division, LLC (seller) and the Wisconsin Department of Administration (buyer). The confirmation is delivered pursuant to an existing Gas Supply Agreement effective June 8, 2016, with this specific transaction dated November 3, 2021. The gas supply is designated for the State of Wisconsin - University of Wisconsin La Crosse facility, with delivery through the NNG pipeline system to delivery point Zone EF NSP and utility NSP-WI.
The contract covers natural gas supply for the entire 2022 calendar year (January 1 - December 31, 2022) with monthly quantities ranging from 13,280 MMBtu in June to 43,273 MMBtu in January, totaling approximately 305,492 MMBtu annually. All gas is priced at a fixed rate of $0.75080 per MMBtu plus applicable taxes, with the price inclusive of fuel costs to the delivery point. The service level is designated as "Secondary Firm," meaning delivery will be on a commercially reasonable efforts basis but may be interrupted under certain conditions including force majeure, utility curtailments, or transportation limitations. The document includes provisions for incremental pricing at current market rates for quantities exceeding the fixed monthly amounts, automatic monthly extensions beyond the contract term until terminated with 30-day notice, and potential cost pass-throughs for regulatory changes.
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© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted.
Page 1 of 3 DEAL NO. 1433031
**DRAFT**
Transaction Confirmation
This Transaction Confirmation is delivered pursuant to and in accordance with a gas supply agreement ("Gas Supply
Agreement"), effective 6/8/2016, by and between Constellation NewEnergy-Gas Division, LLC ("Constellation") and
Wisconsin Department of Administration ("Customer"), and is subject to and made part of the terms and conditions of such Gas Supply Agreement.
Trade Date:
11/3/2021
Buyer:
Wisconsin Department of Administration
Seller:
Constellation NewEnergy - Gas Division, LLC (CNEGAS)
Facility Name:
State of WI - University of WI La Crosse
Delivery Period:
1/1/2022 - 12/31/2022 (inclusive)
Nature of Obligation: Secondary Firm - “Secondary Firm” means deliveries and receipts will be on a commercially reasonable efforts basis up to Customer’s maximum daily quantity and performance may be interrupted without liability to the extent that one or more of the following conditions are present: (i) Force Majeure; (ii) curtailment by the local distribution company owning and/or controlling and maintaining the distribution system required for delivery of gas to the
Facility(ies) (the “Utility”); (iii) curtailment of supply by a natural gas supplier; (iv) curtailment of storage by a storage provider; (v) curtailment of transportation by a gas gathering or pipeline company, or Utility (each a “Transporter”), transporting gas for CNEG or Customer downstream or upstream of the Delivery Point(s), including, but not limited to, transportation between secondary firm points; (vi) recall of transportation capacity release by its releaser; or (vii) curtailment of gas production behind a specific meter.
Deal Type:
Physical Basis
Contract Quantity/Price :
Year 2022
Contract Month Fixed Amount (MMBtu) Price
January 43,273.0 $0.75080
February 40,409.0 $0.75080
March 29,079.0 $0.75080
April 22,202.0 $0.75080
May 15,699.0 $0.75080
June 13,280.0 $0.75080
July 14,567.0 $0.75080
August 15,146.0 $0.75080
September 17,442.0 $0.75080
October 24,961.0 $0.75080
November 29,511.0 $0.75080
December 39,923.0 $0.75080
US$ Rounded to five decimal places Plus applicable taxes
Account Manager: Fink, Logan DEAL NO. 1433031
(920) 617-6117 logan.fink@constellation.com
© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted.
Page 2 of 3 DEAL NO. 1433031
Volume: 1 MMBtu=10 THERMS Price: Per MMBtu price / 10=per THERM price
The price referenced herein is inclusive of fuel to the delivery point.
The price referenced herein represents basis only and does not include any applicable commodity price. For the fixed quantities and Delivery Period shown herein, if Customer has not otherwise locked the commodity price for a specific month, the commodity price shall be the NYMEX last day settle price for that month.
Incremental Pricing: For all additional quantities required by Customer, in excess of the fixed quantities listed herein in combination with any other nominated quantities, or for gas quantities bought back from Customer by Constellation due to Customer’s requirements being less than the total nominated volumes each month, the price for such additional purchases or buybacks shall be based on the then current market price, as determined by Constellation in its reasonable discretion.
If Constellation and Customer have previously entered into any commodity transaction(s) for the Facility (the "Previous
Transaction") that overlap one or more of the delivery months covered in this Transaction Confirmation (the
"Overlapping Month(s)"), the incremental gas pricing in this Transaction Confirmation shall apply to the Overlapping
Months instead of any conflicting incremental gas pricing associated with the Previous Transaction.
Pipeline: NNG
Delivery Point(s): ZONE EF NSP
Utility: NSP-WI
LDC Account No(s): 302579921
Seller's planned billing method for this facility is to bill Buyer based on: Nomination
Change In Law: Constellation may pass through or allocate, as the case may be, to Customer any increase or decrease in Constellation’s costs related to the natural gas and related products and services sold to Customer that results from the implementation of new, or changes (including changes to transportation rates) to existing, Laws, or other requirements or changes in administration or interpretation of Laws or other requirements. “Law” means any law, rule, regulation, ordinance, statute, judicial decision, administrative order, pipeline or utility business practices or protocol, pipeline or utility tariff, or rule of any commission or agency with federal jurisdiction or jurisdiction in the state in which the facility is located. Such adjusted amounts will be included in subsequent invoices to Customer.
Default Service : Should Constellation continue to deliver to Customer beyond the term of this Transaction
Confirmation, said deliveries will be made for successive 1 month terms (each an "Extension Term"), until terminated by either party by giving written notice of termination not less than 30 days prior to the expiration of the then-current
Extension Term. The price for gas delivered during the Extension Term(s) will be based on market prices as determined by Constellation. Unless otherwise provided by Customer, Constellation will determine Customer's monthly nomination in a commercially reasonable manner based upon Customer's historical usage data.
(SIGNATURE BLOCKS FOLLOW ON NEXT PAGE)
© 2018 Constellation Energy Resources, LLC. The offerings described herein are those of either Constellation NewEnergy-Gas Division, LLC or Constellation NewEnergy, Inc., affiliates of each other and ultimate subsidiaries of Exelon Corporation. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. Errors and omissions excepted.
Page 3 of 3 DEAL NO. 1433031
This Transaction Confirmation documents an agreement previously reached by authorized representatives of the parties. Unless disputed by Customer in writing within two (2) business days of Constellation's execution date, or such other time frame as specified in the Gas Supply Agreement, it is binding and shall be deemed accepted.
Please return via the DocuSign E-Signature process or email to CNEGTransactionConfirmations@Constellation.com.
Constellation NewEnergy-Gas Division, LLC Wisconsin Department of Administration
By:
By:
*CustomerSignature1
Name: Nancy H. Fischer
Name: *CustomerSignerName1
Title: Vice President- Retail Ops
Title: *CustomerSignerTitle1
Date:
Date: *CustomerSignedDate1
Customer ID RG-43407377
Contract No. CNEG19718
Deal No. 1433031
11/4/2021 11:34:25 AM
David Bender
Enterprise Contract Officer
11/08/2021 mailto:CNEGTransactionConfirmations@Constellation.com
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