Area 6 WGC NN.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 Natural Gas Transaction Confirmation (#704148) 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 is subject to a Base Contract/Gas Sales Agreement dated August 19, 2016, and follows North American Energy Standards Board (NAESB) standards. The confirmation was signed 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 fixed basis pricing for the full calendar year 2021, with monthly delivery volumes ranging from 2,217 MMBtu in July to 9,287 MMBtu in January, totaling 65,543 MMBtu annually. The contract price is fixed at $0.61 per MMBtu for all months, with the buyer's total cost being the commodity settlement plus this contract price. The agreement includes firm performance obligations and specifies delivery to utility citygate locations in Wisconsin, including facilities in Boscobel and Black River Falls. If the buyer takes less volume than the monthly commitment, they receive credit for unused volumes at the prevailing market rate. The transaction is classified as a forward contract under Dodd-Frank regulations and 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 #: 704148
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:
Firm. ''Firm'' means the utilization of a firm service agreement with a Transporter under which the transaction’s Delivery Point is not a specified primary point for the delivery of Gas.
Month Volume (MMBtu) Contract Price Jan-2021 9,287 $ 0.61
Feb-2021 8,722 $ 0.61
Mar-2021 7,187 $ 0.61
Apr-2021 5,401 $ 0.61
May-2021 3,734 $ 0.61
Jun-2021 2,535 $ 0.61
Jul-2021 2,217 $ 0.61
Aug-2021 2,349 $ 0.61
Sep-2021 2,818 $ 0.61
Oct-2021 5,054 $ 0.61
Nov-2021 7,348 $ 0.61
Contract Quantity/Volume Commitment (“Volume Commitment”)
Dec-2021 8,891 $ 0.61
DocuSign Envelope ID: FE14B16C-A3CC-42ED-9931-F321F0AA25AF
NAESB 2006 Enabling Agreement Page 2 of 2
Fees: Applicable Taxes
Dodd-Frank Transaction Classification: Forward Contract
Delivery Point: Utility Citygate - WGC
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 Boscobel 7883-198-880 WG811101 1011 Morrison Drive Boscobel WI Black River Falls 0000-257-956 WG1196849 N6500 Haipek Rd. Black River Falls WI
DocuSign Envelope ID: FE14B16C-A3CC-42ED-9931-F321F0AA25AF
12/2/2020
Dave Bender
Enterprise Contract Officer
| 2020-12-02T09:59:10-0800 | |
| Digitally verifiable PDF exported from www.docusign.com |
File details come from the government source that posted it. Updated .