HomeMy WebLinkAboutBID - 5916 NATURAL GAS (4)Exhibit A to State of Colorado
RFP-MR-GAS-SUPPLIERS-03
TRANSACTION CONFIRMATION
FOR IMMEDIATE DELIVERY
As amended for use by State of Colorado
Letterhead/Logo
Date:
Transaction Confirmation #: _______________
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:
__________________ __
__ _____________________
__ ______________________________
Attn: _ _______________________________
Phone: _ ___________________________
Fax: ___ ____________________________
Base Contract No. ________________________________
Transporter: _____________________________________
Transporter Contract Number: _______________________
BUYER:
_City of Fort Collins__________________
_PO Box 580 _ ___
_ Fort Collins, Colorado 80521______________
Attn: ___James B. O’Neill II______________________
Phone: __(970) 221-6775__________________________
Fax: __(970) 221-6707 ___________________________
Base Contract No. ________________________________
Transporter: _____________________________________
Transporter Contract Number: _______________________
Contract Price: $ /MMBtu or _ ____________________
Delivery Period: Begin: , _ End: , _
Performance Obligation and Contract Quantity: (Select One)
Firm (Fixed Quantity): Firm (Variable Quantity): Interruptible:
MMBtus/Month (See Special Conditions) MMBtus/day Minimum Up to MMBtus/day
MMBtus/day Maximum
subject to Section 4.2. at election of
Buyer or Seller
Delivery Point(s): __Public Service Company of Colorado (PSCo) Citygate______________________
(If a pooling point is used, list a specific geographic and pipeline location):
Special Conditions:
1. Buyer and Seller must have a fully executed North American Energy Standards Board (NAESB) Base Contract, as adjusted by the
State of Colorado, in place prior to the execution of any purchase/sale transaction(s).
2. Seller must be an approved State of Colorado Vendor for natural gas supply
3. If applicable, Buyer may "trigger" the NYMEX price for any or all forward-month NYMEX contracts and for any forward
quantities up to the maximum contract quantity anytime prior to 11:00 am ET on the date of expiration of the prompt month
natural gas NYMEX contract. If the Buyer fails to trigger the NYMEX price, then the NYMEX price shall be the settlement price
for the expired month natural gas NYMEX contract.
4. Buyer shall designate Seller as its Nominating Agent for PSCo. As such, Seller shall be deemed responsible for any and all balancing
charges (Cashout Penalties), Operational Flow Order penalties, and other charges resulting from Seller’s failure to effectively manage
Buyer’s PSCo Transportation Contracts so as to avoid such penalties and/or charges
5. Volume requirements in excess of the Monthly Baseload Volumes in this Transaction Confirmation (Swing Purchases) shall be
purchased by Buyer at a price equal to the “Gas Daily” Colorado Interstate (CIG) Daily Midpoint plus a pre-determined adder.
6. Volume requirements deficient of the Monthly Baseload Volumes in this Transaction Confirmation (Liquidated Volumes) shall be
purchased back by Seller at a price equal to the “Gas Daily” CIG Daily Midpoint plus a pre-determined adder (Liquidation Price). The
price difference between the Contract Price and the Liquidation Price shall be either debited or credited to Buyer accordingly.
7. Seller hereby agrees to schedule the daily dth average of the corresponding Monthly Baseload Volume for the Delivery Month. Such
daily scheduled quantities may be subject to minimal scheduling changes for rounding purposes at either the beginning of the month or
near the end of the month (Daily Scheduled Volumes) in order to schedule the Monthly Baseload Volume.
8. The Daily Scheduled Volumes shall be invoiced at the appropriate Contract Price on a daily basis.
Seller: _ _________________
By: ____________________________________________
Title: ___________________________________________
Date: __________________________________________
Buyer: _City of Fort Collins ______________
By: ____________________________________________
Title: _Director of Purchasing and Risk Management __
Date: __________________________________________
MUST BE SIGNED BY BOTH PARTIES.
SUBJECT TO N.A.S.B. BASE CONTRACT AS AMENDED FOR USE BY STATE OF COLORADO.