Renewal entered into with:Vendor: CenterPoint Energy Services, Inc
Amount: An estimated $40,000,000
Renewal: 1st of 2, 7/1/2020 through 6/30/2024
Pricing Changes:
none
Service/Product Changes:
none
Potential Future Renewals:
$30,000,000
Vendor: Interstate Municipal Gas Agency
Amount: An estimated $80,000,000
Renewal: 1st of 2, 7/1/2020 through 6/30/2024
Pricing Changes:
None
Service/Product Changes:
None
Potential Future Renewals:
$70,000,000
Comments: IPHEC has taken into account 8i of the BEP Act in conducting this renewal.
IPHEC negotiated the 1st of 2 renewals with both CenterPoint Energy Services, Inc. and Interstate
Municipal Gas Agency (IMGA). Originally, the RFP term was set as contract execution date through
June 30, 2020 with the option of 7, 1-year renewals. IPHEC member institutions recently reached out
to explain that their universities could save money by locking in price early and purchasing
natural gas for multiple years. Therefore, to offer cost savings, IPHEC is requesting to renew the
award 7/1/2020 - 6/30/2024.
After the renewal, one final renewal will remain on IPHEC1918 for 7/1/2024 through 6/30/2027.
CenterPoint Energy Services, Inc. and Interstate Municipal Gas Agency (IMGA) will supply all lPHEC
universities on an as-needed basis throughout the term of the contract.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
