Document:

Exhibit
10.9

 

ELECTRIC
SERVICE AGREEMENT

INTERSTATE
POWER AND LIGHT COMPANY

 

 

Account No.

 

 

This agreement made
this 13th day of August, 2003 by and between INTERSTATE POWER AND LIGHT COMPANY (a
wholly owned subsidiary of Alliant Energy Corporation), an Iowa corporation
headquartered at 200 First Street SE, Cedar Rapids, Iowa 52401, (hereinafter
referred to as “the Company”) and Golden Grain Company, a
corporation/partnership/proprietorship with principal offices at New Hampton,
IA 50659, (hereinafter referred to as “the Customer”):

 

WITNESSETH:

 

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

 

1.             This
Agreement is effective for a period starting June 1, 2004, and ending May 31,
2007, and thereafter from month to month until either party gives at least 60
days’ written notice to terminate, and at the expiration of such notice period
this Agreement shall terminate.  In the
event facilities are extended by the COMPANY to provide service, the above
effective period shall be three years. 
After the second full year of service, the CUSTOMER’S billings for the
second year of service will be reviewed to determine base revenue (total rate
schedule charges, less charges applicable to energy efficiency programs and
cost of energy).  If CUSTOMER was billed
less than the minimum annual base revenue (facility extension investment
divided by three) required to support the $76,130 of facility extension
investment (total facility extension investment less any initial advance or
contribution), CUSTOMER will be assessed an advance or contribution,
supplemental to any previous advance or contribution, to reduce the investment
in the facility extension to the level supported by CUSTOMER’S second-year base
revenue.  This Agreement supersedes all
previous electric service agreements between the parties and represents the
parties’ complete understanding and shall govern in case of conflict with any
other documents and oral representation concerning the subject matter hereof.

 

 

2.             Company will furnish alternating
current electricity (hereinafter called “electric service”) for all electric
energy required by the CUSTOMER through one meter location at the CUSTOMER’S
premises in accordance with the Supply Information set forth in Exhibit A.  A separate service agreement shall be
required for additional meter location(s).

 

3.             CUSTOMER
will observe the rules and regulations of COMPANY pertaining to electric
service and will not create a demand for electric service in excess of KVA
quantity set forth in Exhibit A without first notifying COMPANY in writing of
such increase in demand and giving COMPANY sufficient time in which to provide
additional line capacity and other electrical equipment if required.

 

4.             CUSTOMER
shall use and pay for such service in accordance with the terms and conditions
of this Agreement and the prices set forth in the price schedule(s) specified
in Exhibit A, or such other applicable price schedule as hereafter at any time
may be established for this class of service within the authority of the Iowa
Utilities Board or such other regulatory authority having jurisdiction.  Notwithstanding any other provision of this
Agreement, all prices and charges contained in this Agreement may be modified
at any time by a subsequent filing made pursuant to the provisions of Chapter
476 of the Code of Iowa.

 

5.             It
is understood by the CUSTOMER that, if at any future time it should elect to
accept service under some other available electric service price that might
prove more advantageous, any expense brought about by necessary wiring changes
on its premises shall be borne by the CUSTOMER.  The electric service furnished under this Agreement includes only
that which is incidental to the CUSTOMER and no part of the said electric
service shall be sold by the CUSTOMER to any other parties.

 

6.             If
any portion of the electric demand is contracted as interruptible, then upon
notice by COMPANY the CUSTOMER shall curtail or lower the demand as directed by
COMPANY.  Any demand taken by the
CUSTOMER during an ordered curtailment period shall be paid by CUSTOMER, in
accordance with the demand charges and penalty set out in the Price Schedule(s)
shown on Exhibit A.

 

7.             COMPANY
shall not be liable for any loss or damage of any nature whatsoever incurred or
suffered as a result of any failures or delays in the performance of its
obligations under this Agreement due to any cause or circumstance beyond its
control, including but not limited to strikes, riots, acts of God, or accidents;
provided, however, that COMPANY shall in good faith use such effort as is
reasonable

 

2

 

under all the circumstances known to COMPANY at the time to remove or
remedy the cause and mitigate the damages.

 

8.             This Agreement shall be binding
upon the successors and assigns of both parties, and may be amended from time
to time as mutually agreed in writing. 
This Agreement shall be governed by the laws of the State of Iowa.  All communications related to this Agreement
shall be to the persons listed below or to such other persons as the parties
may specify in writing:

 

	
  COMPANY NAME:

  	
   

  	
  INTERSTATE POWER AND LIGHT COMPANY

  
	
  Contact Name:

  	
   

  	
  David H. Berentsen

  
	
  Title:

  	
   

  	
  Manager of Regulatory Pricing

  
	
  Address:

  	
   

  	
  P.O. Box 351

  
	
  City, State, Zip Code:

  	
   

  	
  Cedar Rapids, IA 52406

  
	
  Phone

  	
   

  	
  319-786-7653

  

 

 

IN
WITNESS WHEREOF, the parties hereto have caused these presents to be executed
as of the day and year first above written.

 

 

	
   

  	
  CUSTOMER:

  	
  GOLDEN GRAIN COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Walter Wendland

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
  (Print
  Name)  Walter Wendland

  
	
   

  	
   

  	
   

  
	
   

  	
  COMPANY:

  	
  INTERSTATE
  POWER AND LIGHT COMPANY

  (a wholly owned subsidiary of

  Alliant Energy Corporation)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Debra Marson

  
	
   

  	
  Title:

  	
  Key
  Account Manager

  
	
   

  	
  (Print Name) 
  Debra Marson

  
									

 

3

 

EXHIBIT
A

 

TO AGREEMENT DATED
                                                                                                        
BY AND BETWEEN

 

INTERSTATE
POWER AND LIGHT COMPANY

 

AND
GOLDEN GRAIN COMPANY

 

	
  (1)

  	
   

  	
  Point of Delivery to Customer:

  	
   

  	
  Utility Primary Meter

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (2)

  	
   

  	
  Electric Service Demand

  	
   

  	
  4500 KVA

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (3)

  	
   

  	
  Service Voltage

  	
   

  	
  13,800    Volts

  	
   

  	
  3 Phase

  	
   

  	
  60 Hertz

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (4)

  	
   

  	
  Metering Voltage

  	
   

  	
  13,800    Volts

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (5)

  	
   

  	
  Interruptible Service: Yes/No

  	
  No

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (6)

  	
   

  	
  Total Excess Facilities Cost:

  	
   

  	
  $    -0

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Monthly Excess Facilities Charge

  	
   

  	
   

  	
  $   -0

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attach Excess Facilities Itemization to contract.

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (8)

  	
   

  	
  Advance or contribution to Service Extension

  	
   

  	
  $          -0

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Based upon expected annual base revenue of

  	
   

  	
  $           615,614

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total rate schedule charges, less charges applicable
  to energy efficiency programs and cost of energy - times three or $   1,846,842,
  and extension investment of $ 76,130

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (9)

  	
   

  	
  Account
  Number (s)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (10)

  	
   

  	
  Meter
  Number(s)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	 

	
  (11)

  	
   

  	
  Applicable Price Schedule

  	
   

  	
  Large Power & Lighting 440

  	 

																																				

 

4Exhibit
10.10

 

GAS
FACILITIES EXTENSION AGREEMENT (ADVANCE)

INTERSTATE
POWER AND LIGHT COMPANY

Applicable
to the service Area of

the
former Interstate Power Company

 

THIS
AGREEMENT, made this 23rd day of October, 2003, between INTERSTATE POWER AND LIGHT COMPANY, (a
wholly-owned subsidiary of Alliant Energy Corporation), an Iowa corporation
with offices at 200 First Street SE, Cedar Rapids, Iowa 52401 (“Company”), and GOLDEN GRAIN ENERGY LLC a limited liability
company of the state of Iowa with offices located at 951 North Linn Avenue, New
Hampton, Iowa (“Customer”).

 

WHEREAS,
the Company is engaged in the distribution of gas in the City of Mason City,
Iowa;

WHEREAS,
the Customer is the owner of the following legally described premises: Real
estate being a part of Section 20, Township 96 North, Range 20 West of the 5`h
P.M., Cerro Gordo County, Iowa, as shown on the map attached hereto (marked
Exhibit A) and made a part hereof; and

 

WHEREAS,
the Company desires to sell natural gas and/or natural gas transportation
service to the buildings -being built or installed on said premises, and the
Customer desires to have natural gas available for such buildings to be used
for heating, water heating, processing or other uses (the “Gas Service”);

 

NOW,
THEREFORE, in consideration of the following terms and
conditions, Company and Customer mutually agree as follows:

 

1.             The Company agrees to
construct, install, maintain and operate natural Gas Facilities to the outlet
of Company’s gas meters at Customer’s premises.  Installation of the facilities is scheduled for completion on
November 1, 2004.  Company shall not be
liable for any loss or damage of any nature whatsoever incurred or suffered as
a result of any failures or delays in the performance of its obligations under
this Agreement due to any cause or circumstance beyond its control, including
but not limited to strikes, riots, acts of God, or accidents; provided,
however, that Company shall in good faith use such effort as is reasonable
under all the circumstances known to Company at the time to remove or remedy
the cause and mitigate the damages. Delays solely caused by Company may
constitute a breach of this Agreement.

 

2.             The Customer agrees
to advance to the Company the estimated cost of construction of Gas Facilities,
and the income tax applicable to such advance, and the Company agrees to refund
to the Customer the advance, as set forth in Paragraph 3 below.

 

 

3.             The Customer agrees
to advance one million three hundred sixty-four thousand four hundred seventy
($1,364,470) dollars to Company prior to the completion of construction in the
form of cash, surety bond or letter of credit. 
Customer shall provide the advance as follows: five hundred thousand
($500,000) dollars on the later of June 1, 2004, or the start date of facility
installation planning and construction, five hundred thousand ($500,000)
dollars on August 1, 2004 and three hundred sixty-four thousand four hundred
seventy ($364,470) dollars on November 1, 2004.  Company will provide Customer a construction schedule within
sixty (60) days of the date the first payment is made to Company.  Upon the initial billing pursuant to this
Agreement and pursuant to the Firm Transportation Agreement executed by and
between the parties on October 23 , 2003, the Company shall refund one hundred
(100%) percent of Customer’s advance as set forth herein.  (In the event Customer chooses natural gas
service instead of Transportation Service (as defined in the Firm
Transportation Agreement) for some interim period after completion of Company
facilities, and prior to moving to transport service, Customer’s monthly
billings under natural gas service shall be increased, as necessary, to provide
Company with minimum non-gas cost recovery (fixed or variable) equivalent to
the monthly charges for transport service as defined in the Firm Transportation
Agreement by and between the parties dated the 23rd day of October. 2003.) The
Company shall not be obligated to refund more than the original amount advanced
and the refund shall be without interest.

 

4.             The obligation of the
Company to make refund to the Customer shall be null and void after the
expiration of ten (10) years from the date of this Agreement, and any and all
monies remaining unrefunded and in the hands of the Company shall then become
the sole property of the Company.

 

5.             The Customer agrees
to furnish all necessary easements and permits required for the installation of
Company Gas Facilities located on Customer’s premises, and the Customer and the
Company will use their best efforts to cooperate so that said construction and
installation can be accomplished in the most economical manner.

 

6.             Each party agrees to
assume risk of loss and to defend, indemnify and hold the other, its officers,
directors, employees and agents harmless against claims, liabilities, damages,
losses, costs or

expenses of whatever
nature or character for all injuries or damage of any type to any person or
property, including injuries or damage of third parties or employees of both
parties and employees of Subcontractors, to the extent caused by the negligent
acts or omissions of that party or its Subcontractors or of anyone directly or
indirectly employed by any of them or for whose acts any of them may be liable,
resulting from or arising out of this Agreement.

 

Nothing in this indemnity
shall require Company to take ownership of or be responsible for hazardous
materials which exist on Customer’s premises.

 

2

 

It is the intent of the
parties hereto that, where fault, acts or omissions are determined to be
contributory, principles of comparative negligence will be followed and each
party shall bear the proportionate cost of any loss, damage, expense and
liability attributable to that party’s negligence, acts or omissions.

 

6.             Title to all Gas
Facilities installed by Company, up to and including Company’s metering
equipment, shall be in the Company.

 

 

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement the day and year first above written.

 

 

	
   

  	
  INTERSTATE POWER AND LIGHT COMPANY

  
	
   

  	
  By

  	
  /s/ E. Protsch

  
	
   

  	
  Title

  	
  VP of Energy Delivery

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GOLDEN GRAIN ENERGY,
  LLC

  
	
   

  	
  By

  	
  /s/ Walter Wendland

  
	
   

  	
  Title

  	
  President

  
						

 

3

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