Area 12 St. Croix Gas.pdf
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- Attached to
- Natural Gas Supply & Management Non-Firm
- Contract number
- 505ENT-M16-NATURALGASWI-00
- Issued by
- Wisconsin
About this file
This document is a NAESB 2006 Transaction Confirmation for natural gas sales between Symmetry Energy Solutions, LLC (seller) based in Houston, Texas, and the State of Wisconsin (buyer) located in Madison, Wisconsin. The confirmation is dated October 8, 2020, with Transaction Confirmation #704151, and references a base contract (#648132) dated August 19, 2016. The transaction is classified as a Dodd-Frank Forward Contract for immediate delivery with an interruptible performance obligation.
The contract covers natural gas sales on a fixed basis for calendar year 2021 (January 1 through December 31, 2021) at a uniform contract price of $0.664 per MMBtu across all months. The total volume commitment varies monthly, ranging from 2,841 MMBtu in June to 24,080 MMBtu in January, with specific volumes designated for each month of 2021. The delivery point is specified as Utility Citygate - St. Croix, with delivery to River Falls facility (Account #3082, Meter #6604240) at 410 S 3rd Street, River Falls, Wisconsin. The pricing structure includes commodity settlement plus the specified contract price, with credits available for unused volumes at market rates if the buyer takes less than the committed volume in any given month.
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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 #: 704151
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 24,080 $ 0.664
Feb-2021 21,100 $ 0.664
Mar-2021 17,339 $ 0.664
Apr-2021 12,917 $ 0.664
May-2021 3,726 $ 0.664
Jun-2021 2,841 $ 0.664
Jul-2021 2,930 $ 0.664
Aug-2021 3,188 $ 0.664
Sep-2021 5,432 $ 0.664
Oct-2021 11,935 $ 0.664
Nov-2021 18,005 $ 0.664
Contract Quantity/Volume Commitment (“Volume Commitment”)
Dec-2021 21,300 $ 0.664
DocuSign Envelope ID: C37BBA10-BD0F-412F-A596-80207B6EB119
NAESB 2006 Enabling Agreement Page 2 of 2
Fees: Applicable Taxes
Dodd-Frank Transaction Classification: Forward Contract
Delivery Point: Utility Citygate - St. Croix
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 River Falls 3082 6604240 410 S 3rd St River Falls WI
DocuSign Envelope ID: C37BBA10-BD0F-412F-A596-80207B6EB119
12/2/2020
Dave Bender
Enterprise Contract Officer
| 2020-12-02T09:45:49-0800 | |
| Digitally verifiable PDF exported from www.docusign.com |
File details come from the government source that posted it. Updated .