Area 11 SWLP.pdf
PDF 163 KB Posted
- Attached to
- Natural Gas Supply & Management Non-Firm
- Contract number
- 505ENT-M16-NATURALGASWI-00
- Issued by
- Wisconsin
About this file
This is a NAESB (North American Energy Standards Board) Transaction Confirmation for natural gas sales dated October 8, 2020, between Symmetry Energy Solutions, LLC (seller) based in Houston, Texas, and the State of Wisconsin (buyer) based in Madison, Wisconsin. The transaction references an underlying Base Contract/Gas Sales Agreement dated August 19, 2016, and is classified as a forward contract under Dodd-Frank regulations. The document was executed by Jeff Wiese, VP Sales for Symmetry Energy Solutions, and Dave Bender, Enterprise Contract Officer for the State of Wisconsin.
The contract covers natural gas sales with a fixed basis pricing structure for delivery from January 1, 2021, through December 31, 2021, to the UW Superior facility located at 1800 Grand Avenue in Superior, Wisconsin. The total contract volume is 143,877 MMBtu distributed across twelve months, with volumes ranging from 1,185 MMBtu in July 2021 to 22,940 MMBtu in January 2021. All monthly volumes are priced at $0.631 per MMBtu plus applicable commodity settlement. The contract includes an interruptible performance obligation, meaning the buyer can take less than the committed volume and will receive credits for unused volumes at market rate. The delivery point is specified as Utility Citygate - SWLP, and the contract includes applicable taxes as fees.
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Text version
NAESB 2006 Enabling Agreement Page 1 of 2
Transaction Confirmation For Immediate Delivery
Transaction Type:
Natural Gas Sales - Fixed Basis
Date: 10/08/2020 Transaction Confirmation #: 704149
This Transaction Confirmation ("Transaction") is subject to the Base Contract/Gas Sales Agreement (“Base Contract”) between Seller and Buyer dated 08/19/2016. The terms of this Transaction are binding unless disputed in writing within 2 Business Days of receipt unless otherwise specified in the Base Contract. If the Base Contract is not fully executed, this Transaction incorporates by reference for all purposes the North American Energy Standards Board, Inc. (NAESB) Base Contract for Sale and Purchase of Natural Gas including Symmetry Energy Solutions, LLC as the Confirming Party, choosing all default elections, with Texas as the Choice of Law.
Seller: Symmetry Energy Solutions, LLC Buyer: State of Wisconsin
Address: 1111 Louisiana St. B-241 Address: 101 East Wilson St
City/State: Houston, TX 77002 City/State: Madison, WI 53707 Attention: Daniel Navin Phone: (608) 240-2032
Fax: (713) 393-0263 Email: Confirms@SymmetryEnergy.com Base Contract No: 648132
Contract Price: Buyer's price for the locked Monthly Volumes below will be the applicable commodity settlement plus Price below.
If in any month Buyer takes less volume than the Volume Commitment, Buyer shall be credited for the unused volumes at a per unit price equal to Market Rate .
Delivery Period: Begin: 01/01/2021 End: 12/31/2021
Performance Obligation: Interruptible
Month Volume (MMBtu) Contract Price Jan-2021 22,940 $ 0.631
Feb-2021 19,685 $ 0.631
Mar-2021 17,625 $ 0.631
Apr-2021 13,499 $ 0.631
May-2021 8,713 $ 0.631
Jun-2021 4,570 $ 0.631
Jul-2021 1,185 $ 0.631
Aug-2021 3,258 $ 0.631
Sep-2021 5,045 $ 0.631
Oct-2021 10,631 $ 0.631
Nov-2021 16,985 $ 0.631
Contract Quantity/Volume Commitment (“Volume Commitment”)
Dec-2021 19,741 $ 0.631
DocuSign Envelope ID: 32ED5183-ADFE-4451-B194-7884305E0EE0
NAESB 2006 Enabling Agreement Page 2 of 2
Fees: Applicable Taxes
Dodd-Frank Transaction Classification: Forward Contract
Delivery Point: Utility Citygate - SWLP
Special Conditions:
Seller: Symmetry Energy Solutions, LLC Buyer: State of Wisconsin
By:________________________________________ By: ________________________________________
Print Name: ___Jeff Wiese_______________________ Print Name: _________________________________
Title:_________VP Sales_______________________ Title:_______________________________________
Date:________10/08/2020_______________ Date:_______________________________________
Contract Price Symbols: "GDD" means Gas Daily Midpoint for the applicable delivery Day for the specified location. “GDA” means the average of Gas Daily Midpoint for the applicable delivery Month for the specified location. "IF" means Inside FERC’s Gas Market Report, Index, first publication for the Month, for the delivery Month for the specified location. "NYMEX" means the New York Mercantile Exchange gas futures contract, Last Day Settle price, unless otherwise specified. “NGI” means NGI’s Bidweek Survey, AVG, for the applicable delivery Month for the specified location. “Market Rate” means a delivered market-based rate for natural gas that is reasonably reflective of the geographic area in which the Delivery Point is located. “Utility Cashout” and “Pipeline Cashout” means applicable rates prescribed by the local distribution company, gas gathering or pipeline company.
Facilities:
Account numbers are accurate as of the Date above and may be modified by Utility/Pipeline
Facility Name Account Number Meter Number Address City State UW Superior 1287461512 215164782 1800 Grand Ave Superior WI
DocuSign Envelope ID: 32ED5183-ADFE-4451-B194-7884305E0EE0
12/2/2020
Dave Bender
Enterprise Contract Officer
| 2020-12-02T09:54:46-0800 | |
| Digitally verifiable PDF exported from www.docusign.com |
File details come from the government source that posted it. Updated .