NC State is a leading public research university, and our state-of-the-art facilities and laboratories heavily rely on natural gas for building heating, lab works and generation of almost 50% of our overall campus electricity consumption from central utility plants. NC State operates 17.5 MW cogeneration facilities that use significant volumes of natural gas year-round, and the university relies upon the cogeneration system to reduce the cost of electrical demand through efficient and cost-effective procurement of natural gas within which this transport contract is a part. Due to the high volatility of the natural gas market and unexpected natural gas interruptions or prolonged equipment failure occurring at some of the university’s central utility plants, the university requests a vendor to take on the imbalances, market scheduling risks and penalties. The proposing vendor shall nominate, schedule, deliver and balance natural gas supplies in a way that accommodates the university’s gas usage patterns. The vendor shall also provide firm, full requirements for natural gas supply to the Dominion Energy city gate for the University’s facilities from reliable sources of supply and for the length of any resulting contract.
