Natural Gas Purchase Authorization and Confirmation Agreement between Cascade Natural Gas Corporation and Sempra Energy Trading Corp.

Contract Categories: Business Finance › Purchase Agreements
Summary

Cascade Natural Gas Corporation and Sempra Energy Trading Corp. have entered into an agreement for the purchase and delivery of natural gas. Under this contract, Cascade will buy specified daily quantities of natural gas from Sempra at agreed prices, with deliveries scheduled between October 1, 2001, and September 30, 2004, at designated pipeline points. The agreement is subject to the terms of a base Gas Purchase Agreement and a Master Agreement. Both parties must confirm acceptance by signing and returning the authorization within 24 hours.

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EX-10.16 5 a2065725zex-10_16.htm EXHIBIT 10.16 Prepared by MERRILL CORPORATION
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Exhibit 10.16

[CASCADE NATURAL GAS LOGO]   PURCHASE AUTHORIZATION

 
 
Date:
 
4/25/01                    2:00 p.m.
   

 
 
Sempra — Damon Suter
    ("Seller")   Fax: (714) 430-9210

Cascade Natural Gas Corporation
("Buyer")
 
 
 
 

By this Purchase Authorization and subject to the additional terms and conditions contained in the base Gas Purchase Agreement between Buyer and Seller, Buyer agrees to purchase and receive natural gas on a firm basis under the following terms and conditions:

1. Buyer:   Cascade Natural Gas Corporation

2. Seller:
 
Sempra — Damon Suter
    Phone: (714) 241-1500

3. Price:
 
[**]

4. Daily Contract Quantity:
 
As per Attached Schedule

5. Period of Delivery:
 
October 1, 2001 through September 30, 2004

6. Pipeline Transporter:
 
WGPW

7. Delivery Point:
 
Sumas and Rockies (South of Green River)

8. Load Factor
 
100%

9. Special Terms
 
  

 
 
  

The above terms and conditions set out the verbal agreement reached between Buyer and Seller. Please return a signed copy of this Purchase Authorization, by Fax at ###-###-####, within twenty-four hours of receipt. An executed copy of this Purchase Authorization verifies your acceptance of the terms and conditions of this Purchase Authorization and the underlying Gas Purchase Agreement between Buyer and Seller.

If you have questions or concerns regarding this Purchase Authorization, please contact Cascade's Director, Gas Supply at ###-###-####. Any dispute of these terms must be directed to Director, Gas Supply at FAX # (206) 624-7215 within twenty-four hours of receipt.

AGREED TO AND ACCEPTED:   AGREED TO AND ACCEPTED:
     
     
 
For: Cascade Natural Gas Corporation    
("Buyer")   For:
   
    ("Seller")

[**] = Confidential information

SEMPRA Energy
58 Commerce Road, Stamford, CT 06902. Main Phone: (203) 355-5000. Main Fax: (203) 355-5001

26-Apr-01

To: CASCADE NATURAL GAS CORP.
Attn: Natural Gas Confirmation Dept.
Re: SEMPRA Contract Number ###-###-####

We are pleased to confirm the agreement of April 25, 2001 between SEMPRA ENERGY TRADING CORP. ["SEMPRA"] and CASCADE NATURAL GAS CORP. ["Counterpart"] subject to the terms and conditions of The Natural Gas Purchase and Sale Agreement ["Master Agreement"] and any Margin Agreement, between SEMPRA AND Counterpart.

1.  Buyer: Counterpart

2.  Seller: SEMPRA

3.  Type Of Transaction: Firm

4.  Contract Quantity:
Part One:
[A] 10,000 MMBTU PER DAY
[B] 5,000 MMBTU PER DAY
[C] 10,000 MMBTU PER DAY
[D] 5,000 MMBTU PER DAY
[E] 10,000 MMBTU PER DAY
[F] 5,000 MMBTU PER DAY

Part Two:

[A] 10,000 MMBTU PER DAY
[B] 15,000 MMBTU PER DAY
[C] 10,000 MMBTU PER DAY
[D] 5,000 MMBTU PER DAY
[E] 10,000 MMBTU PER DAY
[F] 15,000 MMBTU PER DAY
[G] 10,000 MMBTU PER DAY
[H] 5,000 MMBTU PER DAY
[I] 10,000 MMBTU PER DAY
[J] 15,000 MMBTU PER DAY
[K] 10,000 MMBTU PER DAY
[L] 5,000 MMBTU PER DAY

5.  Delivery Period:
Part One:
[A] October 1, 2001 through and including April 30, 2002
[B] May 1, 2002 through and including September 30, 2002
[C] October 1, 2002 through and including April 30, 2003
[D] May 1, 2003 through and including September 30, 2003
[E] October 1, 2003 through and including April 30, 2004
[F] May 1, 2004 through and including September 30, 2004

Part Two:
[A] October 1, 2001 through and including October 31, 2001
[B] November 1, 2001 through and including March 31, 2002
[C] April 1, 2002 through and including April 30, 2002
[D] May 1, 2002 through and including September 30, 2002
[E] October 1, 2002 through and including October 31, 2002

[F] November 1, 2002 through and including March 31, 2003
[G] April 1, 2003 through and including April 30, 2003
[H] May 1, 2003 through and including September 30, 2003
[I] October 1, 2003 through and including October 31, 2003
[J] November 1, 2003 through and including March 31, 2004
[K] April 1, 2004 through and including April 30, 2004
[L] May 1, 2004 through and including September 30, 2004

6.  Delivery Point:
Part One: NORTHWEST PIPELINE CORP., MAINLINE [SOUTH OF GREEN RIVER]
Part Two: SUMAS



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    Exhibit 10.16