- 14 - between ANG and DOE, dated January 29, 1982 (the project administration agreement), if the partnership defaulted on its obligations under the loan documents, ANG would, at the DOE Secretary’s option, continue to act as administrator of the Great Plains project. In connection with the project administration agreement, ANG and the partnership entered into a coal purchase agreement to provide a source of lignite coal for the project. The agreement was based upon coal rights previously obtained by ANG to buy and receive from a third party sufficient coal to satisfy the project’s requirements. ANG agreed to deliver for the partnership’s account sufficient coal to support the plant’s operation. ANG served as the project’s sole operator until October 1988. After production commenced at Great Plains in 1984, ANG had 800 to 1,200 full-time workers on site at the project. Partnership Enters Gas Purchase Agreements With Pipeline Affiliates On January 29, 1982, the partnership entered into 25-year gas purchase agreements with pipeline companies affiliated with four of the partners (the pipeline affiliates). The gas purchase agreements provided that, after the project’s in-service date, the partnership was obligated to tender to the pipeline affiliates all synthetic natural gas produced by the project, and the pipeline affiliates were collectively obligated to purchasePage: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Next
Last modified: May 25, 2011