Natural Gas Purchase Contract - One (1) Year Extension of Current Contract, March 2023 through Winter 2024 – Interstate Gas Supply, Inc.

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