Email Address:
  
  Password:
  
  

Exhibit 10.11

 

NATURAL GAS TRANSPORTATION AGREEMENT

INTERSTATE POWER AND LIGHT COMPANY

Applicable to the Iowa Service Area of

the former Interstate Power Company

 

 

FIRM TRANSPORTATION AGREEMENT

 

THIS AGREEMENT , made this 23rd day of October, 2003, by and between INTERSTATE POWER AND LIGHT COMPANY , an Iowa corporation headquartered at 200 First Street SE, Cedar Rapids, Iowa, (hereinafter referred to as “Company”) and GOLDEN GRAIN ENERGY, LLC , a limited liability company, with principal offices at 951 North Linn Avenue, New Hampton, Iowa (hereinafter refereed to as “Customer”):

 

WITNESSETH:

 

NOW THEREFORE , in consideration of the mutual promises and upon the following terms and conditions, the parties agree as follows:

 

1.             The initial term (the “Initial Term”) of this Agreement shall be for a period starting on the later of November 1, 2004 or on the date Company facilities are installed and available to carry natural gas to Customer (such facility installation date shall be established by letter from Company to the Customer), as provided by the Gas Facilities Extension Agreement (Advance) entered into by and between the parties on the 23rd day of October 2003, and ending ten (10) years after the starting date. After expiration of the Initial Term, the Agreement shall continue from month-to-month and may be terminated upon sixty (60) days written notice to terminate by either party.  At Customer’s option and upon at least sixty (60) days notice prior to the end of the Initial Term of this Agreement, this Agreement may be extended for an additional five (5) years beyond the end of the Initial Term.  Such additional five (5) year term shall be the “Renewal Term.”  The Renewal Term pricing shall be based on a change in the then applicable monthly charge as set out in Paragraph 3 of this Agreement to reflect the percent change in the Consumer Price Index (“CPI”) between the start and end of the Initial Term.

 

1



 

2.             Company will furnish firm transportation of Customer-owned gas (“Transportation Service”) to the Customer through one (1) meter location in accordance with the Supply Information set forth in Exhibit A of this Agreement.  For compensation for lost and unaccounted for gas in the Company’s distribution system, the volume of transportation gas the Company delivers to the Customer’s location shall be the transportation gas volume


This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more