Renewal entered into with:
Vendor: Natural Gas Pipeline Company of America, Lombard, IL
Amount: An estimated $2,520,000
Renewal: 3rd, 4th, 5th, and 6th, 7/1/2008 through 6/30/2012
Pricing Changes: 6% increase
Service/Product Changes: Added one additional delivery point at contract prices.
Comments: The University is taking the remaining 4 option years. Contract pricing is firm through the remaining four years. Based on a continuing need, the availability of funds, a comparison with the CPI and increased service points, the University believes it is in the best interest to accept the renewal option.
The University award process may be delayed up to thirty days as this award goes through a state approval process.