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Natural Gas Purchase Contract: ACAP IN ACAP V 1.1(m)
<br />For Office Use: ToP-xl
<br />Seller: Interstate Gas Supply, Inc. Fax: 614-659-5126
<br />Attn: Commercial & Industrial Sales, 6100 Emerald Parkway, Dublin, Ohio 43016 Phone: 877-923-4447
<br />Buyer: The City of South Bend Contact Name Adam Parsons
<br />Confirmation Email aparsons@southbendin.gov
<br />Street Address
<br />Mailing 1045 West Sample
<br />Billing Same as Mailing
<br />Facility See Exhibit A
<br />Account Number/s See Exhibit A
<br />Phone 574-235-9302 Fax
<br />Citv State
<br />South Bend IN
<br />See Exhibit A See Exhibit A
<br />or ® see the attached Exhibit A
<br />This Confirmation is subject to the attached Terms and Conditions ("Contract"), which is inc
<br />in its
<br />herein.
<br />zip
<br />46601
<br />See Exhibit A
<br />Natural Gas Distribution Com an "NGDC" Northern Indiana Public Service Com...................
<br />an.................................................................................................................................................................................................
<br />Initial Term:
<br />This Contract will begin with the April 2023 NGDC billing cycle and continue through the March 2024 NGDC billing cycle.
<br />Buyer understands that there may be delays in starting gas service under this Contract and will not hold Seller responsible
<br />for any such delay.
<br />Initial Term
<br />Price per DTH shall be determined for each month b the following calculation: Hed ed Vol. x Wtd. Avg. Hedged
<br />p Y 9 f[( 9 9 9
<br />Purchase Price:
<br />Price)/Estimated Usage] + [(Variable Vol. x NYMEX Settlement Price)/Est. Usage] + Fixed Adder), wherein "Hedged Vol."
<br />is the amount of gas hedged by Seller on behalf of Buyer, "Wtd. Avg. Hedged Price" is the average price per DTH for
<br />hedged volumes, and "Variable Vol." is the volume of gas consumed by Buyer but not hedged by Seller. "NYMEX Set-
<br />tlement Price" shall be determined by either the utility's deadline or NYMEX monthly settlement for that month, whichever
<br />comes first. "Fixed Adder" for the Initial Term will be $0.09. Price per DTH shall include cost of gas, basis, applicable
<br />shrink/fuel to the delivery point, BTU conversion, Seller's margin, and broker commissions (if applicable). In addition,
<br />Seller will charge Buyer for interstate transportation and storage at a rate of $0.79 per Dth. Taxes (where applicable),
<br />distribution fees, and/or other utility charges may also apply. For all services provided under this agreement, Buyer will
<br />continue to be responsible for all charges assessed by the NGDC including any other fees or taxes associated with
<br />providing Buyer service.
<br />......................................................................................................................................................................................................................................................................................................................................................................................................
<br />Gas Procurement
<br />Buyer explicitly permits Seller to purchase gas on a forward basis in order to mitigate risks associated with the
<br />Procedure:
<br />volatility of the natural gas market. Forward purchases will be communicated with Buyer via the Confirmation Email ad-
<br />dress identified above and will be binding without conflicting communications provided by Buyer within one business day.
<br />Early Termination
<br />..... ......... ...................................................................................................................................................................................................................................................................................................................................................................................................................
<br />Hedged Volumes: At the end of this Contract, whether expired, terminated, or a party has provided notice of its intent
<br />Damages:
<br />not to renew, Buyer will be responsible for the positive difference, if any, between Seller's cost for all hedges during the
<br />current Term and any future Terms (including but not limited to NYMEX and basis) purchased by Seller on behalf of
<br />Buyer minus the then -current market rice.
<br />................ Y................................................................................................................................... P......................................................................................................................................................................................................................................................................................................................................
<br />The Estimated Usage is calculated using each Account's historical monthly consumption, as provided to Seller by the NGDC, multiplied by
<br />weather normalization factors and are set forth in the table below.
<br />Estimated Usage in DTH at the Burnertip
<br />Month Jan Feb I Mar Apr May Jun I July I Aug Sept I Oct Nov I Dec
<br />..................... :.................... :.................... :.................... :.................... .................... ....................E...................:.......................................s........................................:................
<br />21,837 1: 18,475 1 13,840 1: 7,879 1: 4,530 1: 2,917 1 2,786 1 2,810 1: 3,291 1 6,211 ': 11,615 1 18,782
<br />This Contract, including any Exhibit(s) may be signed in counterparts. If Buyer and Seller execute more than one Contract with respect to any
<br />Account(s), the terms of the most recent Contract will supersede and take priority over all previous Contracts with regard to the same Account(s).
<br />Any signature on this Contract and any Exhibit(s) will be considered valid for all purposes and have the same effect whether it is an ink -signed
<br />original, e-signed, a photocopy, or a facsimile representation of the original document.
<br />...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
<br />Buyer agrees and consents to receive electronically any notices from Seller via the Confirmation Email address identified above in
<br />connection with this Contract. Buyer may withdraw this consent to receive notices electronically by contacting Seller at ACAP@igsen-
<br />ergy.com. The signers below personally certify that they have all requisite authority to sign and enter into this Contract on behalf of
<br />the parties identified adjacent to their signatures. Further, they acknowledge that on behalf of their respective parties, they have read,
<br />understood, and voluntarily agreed to every provision of this Contract, the attached Terms and Conditions, and any Exhibit A.
<br />Accepted by Buyer:
<br />Accepted by Seller:
<br />Name: Board of Public Works
<br />Name: Scott Arthur
<br />BOARD OF PUBLIC %N ORKS
<br />Ca, A. Oilol. 1',,ida,l n
<br />-� C ,w1'
<br />.4,dan V. Calh—, Nlbe,
<br />i_ — O �
<br />Al'I1:' I
<br />Jmda N1, nlani,,, cl�,k
<br />Title
<br />VP of C&I Sales
<br />Title
<br />December 8, 2020
<br />Date
<br />Date
<br />Page 1 of 4
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