Supplement No. 3 to Coal Supply Agreement between Tennessee Valley Authority and Armstrong Coal Company, Inc.
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Summary
This contract supplement is an agreement between Tennessee Valley Authority (TVA) and Armstrong Coal Company, Inc. TVA had previously claimed a force majeure event affecting 103,840 tons of coal under an existing contract for the Paradise Fossil Plant in 2010. The parties have agreed that these tons will be shipped in the fourth quarter of 2010 at a reduced price of $51.71 per ton, a $5.00 per ton discount. All other contract terms remain unchanged.
EX-10.27 20 c65698a5exv10w27.htm EX-10.27 exv10w27
Exhibit 10.27
TENNESSEE VALLEY AUTHORITY
COAL SUPPLY & ORIGINATION
1101 Market Street, MR 2A-C
Chattanooga, Tennessee ###-###-####
COAL SUPPLY & ORIGINATION
1101 Market Street, MR 2A-C
Chattanooga, Tennessee ###-###-####
CONTRACT SUPPLEMENT
TO: | Armstrong Coal Company, Inc. | Supplement No. | 3 | |||||
| 7701 Forsyth Boulevard - 10th Floor | Date | October 15, 2010 | ||||||
| St. Louis, Missouri 63105 | Group-Contract No. | 635-40685 | ||||||
| Plant | Paradise | |||||||
| Name of Mine | Parkway | |||||||
Attention: Mr. Martin Wilson
This confirms the following recent agreement between the parties, involving Tate Rich representing Armstrong Coal Company, Inc. (“Armstrong”), and Connie Gazaway representing TVA:
1. TVA has claimed Force Majeure on 103,840 tons of coal under Group-Contract No. 635-40685 at Paradise Fossil Plant (“Plant”) in calendar year 2010 due to events at the Plant. TVA and Armstrong have mutually agreed to ship these tons in the 4th quarter of calendar year 2010 at a price reduction of $5.00 per ton or $51.71 per ton.
All other terms and conditions of the contract remain unchanged.
Please complete the acceptance below and return a signed copy of this contract supplement to this office. You should retain the other signed copy for your files.
Accepted | Armstrong Coal Co. | TENNESSEE VALLEY AUTHORITY | ||||
By | /s/ Martin D. Wilson | /s/ Connie S. Gazaway | ||||
| Senior Fuel Transportation Specialist | ||||||
President | /s/ | |||||
Title | Contract Support Specialist | |||||
10/27/10 | /s/ | |||||
Date | Manager of Coal Supply | |||||
TVA SENSITIVE INFORMATION
