for Purchase of Natural Gas.
The Board of Trustees of Northeastern Illinois University is seeking proposals from natural gas suppliers to deliver natural gas to the People?s Gas city gate in Chicago. The chosen supplier will provide a competitive price and have a proven record of reliability and service. Pricing for both interruptible service and non-interruptible service is requested. Additionally, both services must be quoted in the formula of plus (+) or minus (-) $___ per MMBTU based upon the lower of two variable monthly indexes; the ?Natural Gas Intelligence?, or the ?Gas Daily?, as published for the first of the month prices for delivery to the Midwest, Illinois via NGPL. The contract term shall commence on 1 July 2005, for 3 years, expiring on 30 June 2008, with two one-year options to renew.(Submitted by David Jonaitis, State Purchasing Officer.)