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Natural Gas Purchase Contract - One (1) Year Extension of Current Contract, March 2023 through Winter 2024 – Interstate Gas Supply, Inc.
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Natural Gas Purchase Contract - One (1) Year Extension of Current Contract, March 2023 through Winter 2024 – Interstate Gas Supply, Inc.
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12/8/2020 4:57:13 PM
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12/8/2020 4:57:02 PM
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Board of Public Works
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Contracts
Document Date
12/8/2020
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BOARD OF PUBLIC WORKS <br />AGENDA ITEM REVIEW REQUEST FORM <br />Date: 12/1/2020 <br />Name: Adam Parsons Dept. of Admin & Finance – Central Services <br />BPW Date: 12/8/2020 Phone Extension:9302 <br />Required Prior to Submittal to Board <br />BPW Attorney X Attorney Name Clara McDaniels <br />Dept. Attorney Attorney Name Jenna Throw <br />Purchasing Michael Schmidt <br />Check the Appropriate Item Type – Required for All Submissions <br /> Professional Services Agreement Contract Proposal <br /> Open Market Contract Amendment/Addendum Special Purchase, QPA <br /> Bid Opening Bid Award Req. to Advertise Title Sheet <br /> Quote Opening Quote Award Reject Bids/Quotes <br /> Proposal Opening C/O & PCA No. PCA <br /> Chg. Order, No. Traffic Control Resolution <br /> Other: Ease./Encroach <br />Required Information <br />Company or Vendor Name Interstate Gas Supply (IGS) <br />New Vendor Yes If Yes, Approved by Purchasing <br /> No <br />MBE/WBE Contractor MBE <br />WBE Completed E-Verify Form Attached Yes <br /> No <br />Project Name Natural Gas Supply <br />Project Number <br />Funding Source Departmental utility budgets <br />Account No. <br />Amount Natural Gas: TBD , IGS Fee: $0.88/dekatherm <br />Terms of Contract 1-year extension of current contract. Fees paid through NIPSCO invoices. <br />Purpose/Description IGS purchases futures contracts aiming to lower the City’s cost of natural gas. <br />The current contract runs through March 2023, and this 1-year extension will <br />allow purchases through the winter of 2023/2024. <br />For Change Orders Only <br />Amount of Increase <br />Decrease <br />$ <br />($ ) <br />Previous Amount $ <br />Current Percent of Change: <br />Increase <br />Decrease <br />% <br />( %) <br /> New Amount $ <br />Total Percent of Change: <br />Increase <br />Decrease <br />% <br />( %) <br />Time Extension Amount: <br />New Completion Date:
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