The basis for adjusting prices on a routine basis is NYMEX monthly pricing. Multiple pricing methodologies are established in Section III of this document. The successful offeror is to provide daily management services to deliver natural gas utilizing the best pricing option of those that are listed in this section to the institutions identified by SCDC. This includes providing pricing recommendations and the information necessary for SCDC personnel to make informed decisions. The natural gas supplier will deliver full natural gas requirements for each facility. These requirements shall include any new facility added within the general scope the resulting contract. “Full Requirements” indicates that nominating and balancing, both daily and monthly, will be the responsibility of the supplier. Under Full Requirements, any and all penalties will be the responsibility of the selected supplier, therefore, it will be under the supplier’s discretion to increase or decrease the monthly nominations to avoid tariff purchases and/or cash-outs. The estimated monthly requirements per facility are set forth in Attachment B. Bids submitted for Full Requirements service shall reflect the bidder’s agreement to the Full Requirements balancing provisions. The Marketer must list on Attachment A fixed pricing in terms of cents per dekatherm for the transportation costs from the wellhead to the city gate(s) if the natural gas is supplied through the Marketer. The cost of all gas components (gas commodity, fuel, transportation, storage, demand and others) is to be included in the bid price. The successful bidder is expected to advise SCDC of regulatory or other material changes that will impact the gas delivery or impose additional costs. SCDC reserves the right to accept the pricing as stated in the bid or opt to a fixed NYMEX and/or basis price by location. This decision will be made based on current market conditions at the time the contract is awarded.
