Oil Price Contract Letter

Dear Valued Customer:

The current energy market, as we are well aware, remains volatile and unpredictable. Kerivan-Lane over the past five years has provided our customers an open enrollment, online fixed/capped oil price program. This open enrollment program allows you to choose when to fix or cap your price. However, you may only fix or cap your price once for the contract period. The price often changes daily.

Please remember that volatile markets mean greater risk for the customer, for Kerivan-Lane and for our suppliers. Therefore, credit terms reflect that risk and are very strict. In many instances to remain on market rate pricing is beneficial. There is no guarantee that by fixing or capping your price you will benefit financially.

Market price: The majority of our customers prefer the daily market rate. The daily market rate will be based on market conditions, such as supply and demand. If you do not choose a fixed or capped price, you will automatically be charged the daily market rate.

Fixed price: This is an open enrollment program and the price will change based on the futures market. Your price will be fixed at the time of enrollment and when the contract is complete.

Capped price: The price we post on our web site based on the futures market plus the cost of downside protection. The more volatile the market, the more expensive downside protection becomes. Your price will be capped at the time of enrollment and when the contract is complete.

The fixed and capped price programs are available on our web site to Kerivan-Lane customers only. To receive access you need a password, which is available by e-mail request.

Thank you for your business and loyalty. It is our pleasure to serve you.

Sincerely,

Christopher Lane
General Manager

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Last update: April 2010

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		Kerivan-Lane, Inc. P.O. Box 920141, 30 Charles Street, Needham, MA 02492 Tel: 781-444-0279 \| Fax: 781-449-6618 Contact Us \| Directions \| Privacy Policy \| Site Map

This is the web site of Kerivan-Lane, Inc. located in Needham, MA 02492.
Kerivan-Lane, Inc. offers fuel oil delivery, oil heating, gas heating and plumbing services to the West Suburban Boston area.