Document:

VVC 10K 2012 Exhibit 10.4

EXHIBIT 10.4
Gas Sales and Portfolio Administration Agreement

APPENDICES INDEX

Buyer's Primary Delivery Points        A

Buyer’s Maximum Quantities        B

“Reserved for Future Use”            C

Supplier Reservation Costs        D

Commodity Purchases-Gas Cost
 Incentive Mechanism            E

Notices                    F

Invoice/Payment Data            G

Demand Cost Charges            H

“Reserved”                I

Portfolio Services                J - K

          SIGECO-Appendix A

1

2

 Gas Sales And Portfolio Administration Agreement         Revised Page No. 1
         April 1, 2012

APPENDIX A - Buyer’s Primary Delivery Points

Texas Gas Transmission Corporation:
Meter No.        Meter Station Name
1808    SIGECO South Shipper Deduct (includes all of the following)
Elberfeld
Boonville Road
Long Road
Levee (Evansville)
Haubstadt
Snake Run
Francisco
Wagner
 1809    SIGECO North Shipper Deduct (includes all of the following)
Bicknell
Edwardsport
Freelandville
Monroe City
Oaktown
Petersburg
Washington Road
Rural – SIGECO
Rural – Hoosier Gas
9540      Dogtown 

Midwestern Gas Transmission:
Meter No.    Meter Station Name            
7071-Chrisney
02-7100    Ohio Valley Hub

3

          SIGECO-Appendix A
Gas Sales And Portfolio Administration Agreement                       Revised Page No. 2
                         April 1, 2012

ANR Gas Pipeline:    
Meter No.    Meter Station Name
032410100    South Chrisney (SIGECO)

Texas Eastern Gas Transmission:
Meter No.    Meter Station Name
79730    SIGECO - LDC Allocation Point
70539    Ft. Branch, IN
72648    Southern Indiana Posey Co., IN

Ohio Valley Hub, LLC:
Meter No.    Meter Station Name
Monroe City Storage Field
9401     Texas Gas - Ohio Valley Hub Interconnect

Amendment
Seller and Buyer agree that this Appendix A may be amended as provided in this Agreement, which amendment ultimately will be memorialized in a revised Appendix A.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

4

          SIGECO-Appendix B
Gas Sales And Portfolio Administration Agreement                               Revised Page No. 1
                         April 1, 2012

APPENDIX B - Buyer’s Maximum Quantities
     
Month    Daily    
April          73,233        
May          62,327           
June      62,327           
July      62,327           
August      62,327               
September      62,327           
October           76,595      
November          71,200                    
December      71,200            
January      71,200        
February      71,200        
March      71,200        
 
Amendment
Seller and Buyer agree that this Appendix B may be amended as provided in this Agreement, which amendment ultimately will be memorialized in a revised Appendix B.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

5

                   SIGECO-Appendix D
Gas Sales And Portfolio Administration Agreement                   Revised Page No. 1
             April 1, 2012

APPENDIX D - Supplier Reservation Costs

Supplier Reservation Costs
April 1, 2012 through October 31, 2012

I.    Reserved Commodity Quantities
a. Monthly Baseload Reserved Quantity (Dth/Day)

	
				
	Month
	MGT
	TGT
Gulf Coast
	TETCO

	November, 2011
	0
	17,600
	424

	December, 2011
	6,061
	23,746
	428

	January, 2012
	6,061
	23,746
	428

	February, 2012
	5,051
	19,311
	428

	March, 2012
	3,030
	14,351
	428

	April, 2012
	667
	10,877
	106

	May, 2012
	645
	10,526
	106

	June, 2012
	667
	10,877
	106

	July, 2012
	645
	8,913
	106

	August, 2012
	645
	8,913
	106

	September, 2012
	667
	9,210
	106

	October, 2012
	645
	8,913
	106

Buyer and Seller agree that some portion of the quantities identified as Monthly Baseload Reserved Quantities may be provided at fixed, collared, or hedged prices mutually agreed upon pursuant to the GCIM.

6

           SIGECO-Appendix D
Gas Sales And Portfolio Administration Agreement                       Revised Page No. 2
               April 1, 2012

APPENDIX D - Supplier Reservation Costs
b. Daily Swing Reserved Quantity (Dth/Day)

	
				
	Month
	MGT
	TGT
Gulf Coast
	TETCO

	November, 2011
	35,354
	6,306
	636

	December, 2011
	29,293
	160
	641

	January, 2012
	29,293
	160
	641

	February, 2012
	30,303
	4,596
	641

	March, 2012
	32,323
	7,037
	641

	April, 2012
	34,333
	14,370
	1,980

	May, 2012
	34,355
	14,721
	1,980

	June, 2012
	34,333
	14,370
	1,980

	July, 2012
	34,355
	16,334
	1,980

	August, 2012
	34,355
	16,334
	1,980

	September, 2012
	34,333
	16,037
	1,980

	October, 2012
	34,355
	16,334
	1,980

Buyer and Seller agree that some portion of the quantities identified as Daily Swing Reserved Quantities may be provided at fixed, collared, or hedged prices mutually agreed upon pursuant to the GCIM.

II.    Applicable Reservation Rates ($/Dth/Day)
	
						
	System
	Winter Months (Nov.-Mar.)
	Summer Months (Apr.-Oct.)

	 
	Monthly 
Index 
ReservedQuantity
	Daily 
Index 
ReservedQuantity
	Monthly 
Index 
ReservedQuantity
	Daily 
Index 
ReservedQuantity

	MGT
	$0.0174
	$0.0100
	$0.00
	$0.00

	TGT Gulf Coast
	$0.0000
	$0.0025
	$0.00
	$0.00

	TETCO
	$0.0025
	$0.0050
	$0.00
	$0.00

7

           SIGECO-Appendix D
Gas Sales And Portfolio Administration Agreement                        Revised Page No. 3
                 April 1, 2012

APPENDIX D - Supplier Reservation Costs

Amendment
Seller and Buyer agree that this Appendix D may be amended from time to time by mutual agreement of the Parties, which ultimately will be memorialized in a revised Appendix D.

		
	PROLIANCE ENERGY, LLC
	SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien _______________        By:  /s/ Jerrold L. Ulrey        
David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Marketing & Sales        Its:  Vice President, Regulatory Affairs and Fuels

8

SIGECO-Appendix E
Gas Sales And Portfolio Administration Agreement             Revised Page No. 1
               April 1, 2012

APPENDIX E –Commodity Purchases – Gas Cost Incentive Mechanism

The commodity purchased by Buyer shall be provided in accordance with the Commission approved Gas Cost Incentive Mechanism described in Appendix E of the Settlement.   All record keeping and reporting shall be performed in a manner consistent with the terms of the GCIM.  Seller agrees and acknowledges the reasonableness of the Gas purchases made shall be subject to review to ensure such purchases were made in a manner consistent with the terms of the GCIM.

For Summer Storage Refill:  
For summer refill of leased storage, Buyer shall pay to Seller an amount based on averaging the seven summer monthly indices for the applicable supply area, and based upon presuming storage refill quantities to be equally split between the summer months.  For summer refill of company storage, the parties will agree on the extent to which an index average method will be used, after consideration of the operational scheduling needs of company storage.  In addition, all other applicable variable costs as identified below shall apply.

For Storage Withdrawals:  
For quantities of storage withdrawals for which Buyer has previously paid for commodity, applicable storage withdrawal variable costs as identified below shall apply.

For Applicable Indices:
Contract No.    Contract Rate    Index
ADS 1    Appendix K.1        Texas Gas – Zone SL 
ADS 2    Appendix K.2        Texas Gas – Zone SL 
ADS 3    Appendix K.3    Chicago-LDCs, large e-us
ADS 7    Appendix K.7        TETCO – (ELA, WLA, ETX, STX)

9

 SIGECO-Appendix E
Gas Sales And Portfolio Administration Agreement                   Revised Page No. 2
     April 1, 2012
APPENDIX E- Commodity Purchases- Other Variable Costs
(Continued)

The other variable costs applicable to Nominated Daily Quantities and Balancing Quantities shall be determined based upon the rates and charges applicable under each transporter’s tariff, including the sheets identified below, as well as other applicable sheets, as all of those sheets may be in effect from time to time, and costs arising under applicable agreements, including the agreements identified below, as well as this Agreement.

SIGECO
Texas Eastern
Contract No.    Contract Rate
ADS 7    Appendix K.7    

Midwestern                            
Contract No.    Contract Rate
ADS 3            Appendix K.3

Texas Gas Z-3        
Contract No.    Contract Rate     
WDS 1    Appendix J.1    
ADS 1    Appendix K.1
ADS 2    Appendix K.2    
ADS 5     Appendix K.5    
ADS 6    Appendix K.6
    
Ohio Valley Hub 
Contract No.        Contract Rate 
ADS 4             Appendix K.4                                 

10

 SIGECO-Appendix E
Gas Sales And Portfolio Administration Agreement                   Revised Page No. 3
     April 1, 2012

APPENDIX E - Commodity Purchases - Other Variable Costs

While Seller and Buyer agree that the identified tariff sheets and agreements are intended to be a complete listing of the applicable tariff sheets and applicable agreements, they further agree that the omission of the reference of one or more sheets or agreements from that list will not affect Buyer’s obligation to Seller for rates, charges and costs incurred thereunder.
Amendment
Seller and Buyer agree that this Appendix E may be amended from time to time by mutual agreement of the Parties, which ultimately will be memorialized in a revised Appendix E.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

11

SIGECO-Appendix F
Gas Sales And Portfolio Administration Agreement                  Revised Page No. 1
               April 1, 2012

 Appendix F- Notices

Invoice Information:
Buyer:                        Seller:
Southern Indiana Gas and Electric Company    ProLiance Energy, LLC 
Attn.: Director, Gas Supply    Attn: Accounting/Treasury 
One Vectren Square     111 Monument Circle    Suite 2200 
Evansville, IN  47708    Indianapolis, IN 46204-5178 
(812) 491-4670    (317) 231-6800

Payments:
Buyer:                        Seller:
PNC Bank    1/7th Refill Gas Costs:
Huntington National Bank
For the Account of:    Indianapolis, Indiana
For the Account of:
Indiana gas Company, Inc.    ProLiance Energy, LLC
ABA# 044000024
ACCT# 01401007177

All Other Gas & Delivery Service Costs:
PNC Bank, N.A.
East Brunswick, NJ
For the Account of:
ProLiance Energy, LLC
ABA# 031207607
ACCT# 8026582295

Supply Plans/Operational/Force Majeure:
Buyer:    Seller:
Supply Plans    Supply Plans 
Gas Supply Analyst    Chris Kershner 
(812) 491-4333    (317) 231-6952     
Operational    Operational 
Randy Gary    Chris Kershner 
(812) 491-4730    (317) 231-6952
Force Majeure    Force Majeure 
Randy Gary (812) 491-4730    Chris Kershner - (317) 231-6952 
Perry M. Pergola (812) 491-4670    Paula  Montgomery - (317) 231-68 
Gas Controller on Duty (812) 491-4530    ProLiance Energy, LLC 
Southern Indiana Gas and Electric Company    111 Monument Circle 
One Vectren Square    Suite 2200 
Evansville, IN  47708    Indianapolis, Indiana 46204-5178 
(812) 491-4687 (Telecopy)    (317) 231-6901 (Telecopy)
    
SIGECO-Appendix F

12

Gas Sales And Portfolio Administration Agreement                 Revised Page No. 2
              April 1, 2012

APPENDIX F- Notices 
(Continued)
All Other Notices:
Buyer:    Seller:
Southern Indiana Gas and Electric Company    ProLiance Energy, LLC 
Attn.:  Director, Gas Supply    Attn:  Paula Montgomery
One Vectren Square    111 Monument Circle    
Evansville, IN  47708    Suite 2200    
Indianapolis, Indiana 46204-5178
Amendment
Seller and Buyer agree that this Appendix F may be amended from time to time as provided in this Agreement, which amendment ultimately will be memorialized in a revised Appendix F.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

13

SIGECO-Appendix G
Gas Sales And Portfolio Administration Agreement                  Revised Page No. 1
               April 1, 2012

APPENDIX G - Invoice/Payment Data

Invoice Date -     On or before the tenth (10th) day after the Contract Month.
 
Due Date -            All Delivery Service Costs due on or before the 20th day of the month
       All Gas Costs due on or before the 25th day of the month.

Payment Method -    By wire transfer to account specified on invoice.

Amendment
Seller and Buyer agree that this Appendix G may be amended from time to time by mutual agreement of the Parties, which amendment ultimately will be memorialized in a revised Appendix G.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

14

SIGECO-Appendix H
Gas Sales and Portfolio Administration Agreement                  Revised Page No. 1
               April 1, 2012

APPENDIX H – Demand Cost Charges

This Annual Net Demand cost covers all delivery services provided by Seller to Buyer under Appendix I through Appendix K.  Other, additional, charges payable by Buyer to Seller for delivery services are specifically described in each Appendix Service (Appendix I through Appendix K)

	
				
	Month
	Gross Demand Cost
	Demand Credit
	Net Demand Cost

	Apr
	$505,257.00
	$264.00
	$504,993.00

	May
	$399,555.00
	$265.00
	$399,290.00

	Jun
	$389,337.00
	$264.00
	$389,073.00

	Jul
	$399,555.00
	$265.00
	$399,290.00

	Aug
	$399,555.00
	$264.00
	$399,291.00

	Sep
	$389,337.00
	$265.00
	$389,072.00

	Oct
	$556,265.00
	$264.00
	$556,001.00

	Nov
	$531,319.00
	$265.00
	$531,054.00

	Dec
	$683,629.00
	$264.00
	$683,365.00

	Jan
	$683,629.00
	$265.00
	$683,364.00

	Feb
	$624,050.00
	$264.00
	$623,786.00

	Mar
	$546,764.00
	$265.00
	$546,499.00

	Total
	$6,108,252.00
	$3,174.00
	$6,105,078.00

 
PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Ronald E. Christian        
 David C. Pentzien            Ronald E. Christian        
Its:  Vice President of Sales & Marketing        Its:  Executive Vice President          

SIGECO-Appendix J.1

15

Gas Sales And Portfolio Administration Agreement                Revised Page No. 1
                  April 1, 2012

APPENDIX J.1 - Winter Delivery Service 1

Winter Delivery Service 1 TGT (“WDS 1”)

		
	1.
	Starting April 1, 2012, consistent with Buyer’s supply plans, Seller shall provide Buyer with WDS 1 with the following delivered service entitlements:

		
	Contract Months
	Max Nominated    Monthly

		
	    
	Daily Qty     Demand $

		
	November
	 0 Dth/day        

		
	December-February
	25,000 Dth/day        

		
	March- October
	 0 Dth/day        

2.    Unless otherwise agreed upon, Seller shall provide entitlements from the TGT/Ohio Valley Hub Meter to Buyer’s SIGECO South Shipper Deduct Texas Gas city gate.
    
		
	3.
	Buyer shall pay Seller as follows:

a.    For Nominated Commodity as follows:
Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	b.
	For WDS 1 Variable Costs:

Variable Cost & Fuels under the effective Texas Gas STF (Zone3-Zone 3) max rate schedule and other applicable costs, if any as billed.

		
	 c.
	For WDS 1 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	Service expires March 31, 2013.

                            
		
	5.
	Sellers provisions of WDS 1 shall be subject to the provisions of service reflected in Texas Gas STF tariffs, as well as other Texas Gas tariffs as may be applicable to the provision of those services

Amendment

Seller and Buyer agree that this Appendix J.1 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix J.1

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

16

SIGECO-Appendix J.1
Gas Sales And Portfolio Administration Agreement                Revised Page No. 1
                  April 1, 2013

APPENDIX J.1 - Winter Delivery Service 1

Winter Delivery Service 1 TGT (“WDS 1”)

		
	1.
	Starting April 1, 2013, consistent with Buyer’s supply plans, Seller shall provide Buyer with WDS 1 with the following delivered service entitlements:

		
	Contract Months
	Max Nominated    Monthly

		
	    
	Daily Qty     Demand $

		
	November
	 0 Dth/day        

		
	December-February
	20,000 Dth/day        

		
	March- October
	 0 Dth/day        

2.    Unless otherwise agreed upon, Seller shall provide entitlements from the TGT/Ohio Valley Hub Meter to Buyer’s SIGECO South Shipper Deduct Texas Gas city gate.
    
		
	3.
	Buyer shall pay Seller as follows:

a.    For Nominated Commodity as follows:
Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	b.
	For WDS 1 Variable Costs:

Variable Cost & Fuels under the effective Texas Gas STF (Zone3-Zone 3) max rate schedule and other applicable costs, if any as billed.

		
	 c.
	For WDS 1 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	Notice for this WDS 1 service is March 31, 2013. Service expires March 31, 2014.

                            
		
	5.
	Sellers provisions of WDS 1 shall be subject to the provisions of service reflected in Texas Gas STF tariffs, as well as other Texas Gas tariffs as may be applicable to the provision of those services

Amendment

Seller and Buyer agree that this Appendix J.1 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix J.1

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

17

 SIGECO -Appendix K.1
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
                        April 1. 2012

 APPENDIX K.1 – Annual Delivery Service 1

Annual Delivery Service (“ADS 1”)

		
	1.
	Starting April 1, 2012, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 1 with the following delivered service entitlements:

	
						
	Contract
Month
	MNDQ
South
	MUNDQ
South
	MNDQ
North
	MUNDQ
North
	Total
MDQ

	November - March
	5,628
	15,686
	2,560
	1,126
	25,000

	April
	6,447
	9,130
	3,800
	1,776
	21,153

	May-
September
	6,447
	 
	3,800
	 
	10,247

	October
	6,447
	11,944
	3,800
	2,324
	24,515

Nov. – Mar.        Apr. – Oct.
Maximum Seasonal Qty              1,674,952          1,754,361
Unnominated Winter Seasonal Qty         439,564     

		
	2.
	Unless otherwise agreed upon, Seller shall provide entitlements to Buyer’s TGT City gates (as outlined above).

    
3.    Buyer shall pay Seller as follows:

		
	a.
	For Unnominated Quantities:

Summer purchase quantities will be determined jointly by the parties prior to April 1 of each year to replace quantities delivered during the prior winter season.  During each summer month, Buyer shall pay Seller one seventh of the summer purchase quantity times the Texas Gas Monthly Index price. 
    
		
	b.
	For Nominated Commodity as follows:

Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	c.
	For ADS 1 Variable Costs:

Variable Cost & Fuel under the effective Texas Gas NNS (Zone 3) max rate schedule and other applicable costs, if any as billed.
 
		
	d.
	For ADS 1 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

4.    Notice for this ADS 1 service is October 31, 2014. Service expires October 31, 2015.        
                

18

 SIGECO -Appendix K.1
Gas Sales And Portfolio Administration Agreement              Revised Page No. 2
                    April 1, 2012

  

		
	5.
	Sellers provisions of ADS 1 shall be subject to the provisions of service reflected in Texas Gas NNS tariffs, as well as other Texas Gas FERC tariffs as may be applicable to the provision of those services

Amendment

Seller and Buyer agree that this Appendix K.1 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.1

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels
    

19

 SIGECO -Appendix K.2
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
                    April 1, 2012

APPENDIX K.2 – Annual Delivery Service 2

Annual Delivery Service 2 TGT (“ADS 2”)

		
	1.
	Starting April 1, 2012, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 2 with the following delivered service entitlements:

	
				
	Contract
Month
	MNDQ
South
	MNDQ
North
	Total
MDQ

	November-October
	13,000
	2,000
	15,000

            
Maximum Seasonal Qty    Nov. – Mar.        Apr. – Oct.
  2,265,000           3,210,000

		
	2.
	Unless otherwise agreed upon, Seller shall provide entitlements to Buyer’s SIGECO North & South Shipper Deduct TGT City gate.

    
3.    Buyer shall pay Seller as follows:

		
	a.
	For Nominated Commodity as follows:

Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	b.
	For ADS 2 Variable Costs:

Variable Cost & Fuel per the effective max rates under Texas Gas FT (SL- Zone 3) rate schedule and other applicable costs, if any as billed. 

		
	c.
	For ADS 7 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

4.    Notice for this ADS 2 service is March 31, 2014. Service expires March 31, 2015.        
                
		
	5.
	Sellers provisions of ADS 2 shall be subject to the provisions of service reflected in Texas Gas FT tariffs, as well as other Texas Gas FERC tariffs as may be applicable to the provision of those services. 

Amendment

Seller and Buyer agree that this Appendix K.2 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.2

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

20

 SIGECO -Appendix K.3
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
                    April 1, 2012

APPENDIX K.3 - Annual Delivery Service 3

Annual Delivery Service 3 MGT (“ADS 3”)

		
	1.
	Starting April 1, 2012, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 3 with the following delivered service entitlements:

		
	Contract Months
	Max Nominated        

		
	   
	 Daily Qty     

		
	April - October
	 35,000 Dth/day

		
	November - March
	 30,000 Dth/day        

		
	2.
	Unless otherwise agreed upon, Seller shall provide entitlements to Buyer’s system.

    
		
	3.
	Buyer shall pay Seller as follows:

a.    For Nominated Commodity as follows:
Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	b.
	For ADS 3 Variable Costs:

Variable Cost & Fuel under the effective max rate Midwestern FT-A rate schedule and other applicable costs, if any as billed.

		
	c.
	For ADS 3 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.
 
		
	4.
	Notice for 30,000 Dth/day is October 1, 2013. Service expires March 31, 2014.

5,000 DTH/day expires October 31, 2012
                            
		
	5.
	Sellers provisions of ADS 3 shall be subject to the provisions of service reflected in Midwestern FT tariffs, as well as other Midwestern FERC tariffs as may be applicable to the provision of those services.  

Amendment

Seller and Buyer agree that this Appendix K.3 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.3

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

21

 SIGECO -Appendix K.4
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
           November 1, 2011

APPENDIX K.4 - Annual Delivery Service 4

Annual Delivery Service 4 OVH (“ADS 4”)

		
	1.
	Starting November 1, 2011, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 4 with the following delivered service entitlements:

		
	Contract Months
	Max Nominated        

		
	    
	Daily Qty     

		
	November - October
	25,000 Dth/day        

2.    Unless otherwise agreed upon, Seller shall provide entitlements to Buyer’s City gate.
    
		
	3.
	Buyer shall pay Seller as follows:

a.    For Nominated Commodity as follows:
Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

b.    For ADS 4 Variable Costs:
Variable Cost Rate of $.031/Dth and other applicable costs, if any as billed. 

		
	c.
	For ADS 4 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	Service expires October 31, 2013.

                            
		
	5.
	Sellers provisions of ADS 4 shall be subject to the provisions of service reflected in Ohio Valley Hub FT tariffs, as well as other Ohio Valley Hub tariffs as may be applicable to the provision of those services

Amendment

Seller and Buyer agree that this Appendix K.4 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.4

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

22

 SIGECO -Appendix K.4
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
            November 1, 2012

APPENDIX K.4 - Annual Delivery Service 4

Annual Delivery Service 4 OVH (“ADS 4”)

		
	1.
	Starting November 1, 2013, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 4 with the following delivered service entitlements:

		
	Contract Months
	Max Nominated        

		
	    
	Daily Qty     

		
	November - October
	 20,000 Dth/day        

2.    Unless otherwise agreed upon, Seller shall provide entitlements to Buyer’s City gate.
    
		
	3.
	Buyer shall pay Seller as follows:

a.    For Nominated Commodity as follows:
Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

b.    For ADS 4 Variable Costs:
Variable Cost Rate of $.031/Dth and other applicable costs, if any as billed. 

		
	c.
	For ADS 4 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	Notice for termination is October 31, 2012. Service will roll 1 year without notice. Service expires October 31, 2014.

                            
		
	5.
	Sellers provisions of ADS 4 shall be subject to the provisions of service reflected in Ohio Valley Hub FT tariffs, as well as other Ohio Valley Hub tariffs as may be applicable to the provision of those services

Amendment

Seller and Buyer agree that this Appendix K.4 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.4

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ____________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels 

23

 SIGECO -Appendix K.7
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
                    April 1, 2012

APPENDIX K.7 - Annual Delivery Service 7

Annual Delivery Service 7 TETCO (“ADS 7”)

		
	1.
	Starting April 1, 2012, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 7 with the following delivered service entitlements:

  Max Daily         
		
	Contract
	  Nominated               

		
	Months 
	   Daily Qty             

April – October    2,080 Dth/day
November – March    1,200 Dth/day       
 
		
	2.
	Unless otherwise agreed upon, delivery of these volumes will be into the SIGECO system.

                            
		
	3.
	Buyer shall pay Seller as follows:

		
	a. 
	For ADS 7 Nominated Commodity as follows:

Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E

		
	b.
	For ADS 7 Nominated Quantities Variable Costs:

Variable costs & Fuel under applicable max rate tariffs for Texas Eastern SCT tariff and other pipeline costs as mutually agreed upon by both parties.

		
	c.
	For ADS 7 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	This ADS 7 service expires October 31, 2014.  A 2 year written notice is required to terminate. Service rolls 1 year out each year.

		
	5.
	Sellers provisions of ADS 7 shall be subject to the provisions of TETCO SCT Tariffs as well as applicable FERC tariffs.

Amendment

Seller and Buyer agree that this Appendix K.7 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.7.

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey        
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

24

 SIGECO -Appendix K.8
Gas Sales And Portfolio Administration Agreement              Revised Page No. 1
                    April 1, 2012
APPENDIX K.8 – Annual Delivery Service 8

Annual Delivery Service 8 TGT (“ADS 8”)

		
	1.
	Starting April 1, 2011, consistent with Buyer’s supply plans, Seller shall provide Buyer with ADS 8 with the following delivered service entitlements:

	
		
	Contract
Month
	Total
MDQ

	April-March
	9,000

		
	2.
	Unless otherwise agreed upon, Seller shall provide entitlements from TGT meter 9567 (Henderson-Dogtown) to Buyer’s SIGECO TGT City gate Meter # 9540 Dogtown.

    
3.    Buyer shall pay Seller as follows:

		
	a.
	For Nominated Commodity as follows:

Purchase quantities will be determined jointly by the parties and priced pursuant to Appendix E.

		
	b.
	For ADS 8 Variable Costs:

Demand, Variable, and other costs will be determined pursuant to Buyer’s Texas Gas Contract (# 26787) and as billed by Texas Gas, for Contract #26787, to ProLiance Energy as agent for Vectren Energy Delivery of Indiana South.

		
	c.
	For ADS 8 Fuel Rates:

Fuel Rates will be applied to Daily Wellhead Quantities pursuant to Texas Gas’s FT tariff for the Z3-Z3 deliveries.  

		
	d.
	For ADS 8 Other Costs:        

Other applicable costs if any as billed including penalties, overrun charges, etc as mutually agreed upon by both parties.

		
	4.
	Notice for this ADS 8 service is March 31, 2028. Service expires March 31, 2029 and corresponds with the termination of Buyer’s Texas Gas Contract #26787.    

                
		
	5.
	Sellers provisions of ADS 8 shall be subject to the provisions of service reflected in Texas Gas FT tariffs, as well as other Texas Gas FERC tariffs as may be applicable to the provision of those services and as reflected in Buyer’s Texas Gas Contract #26787. 

Amendment

Seller and Buyer agree that this Appendix K.8 may be amended from time to time by mutual agreement of the Parties which amendment ultimately will be memorialized in a revised Appendix K.8

PROLIANCE ENERGY, LLC.            SOUTHERN INDIANA GAS AND ELECTRIC COMPANY

By: _/s/ David C. Pentzien ________________        By:  /s/ Jerrold L. Ulrey    
 David C. Pentzien            Jerrold L. Ulrey        
Its:  Vice President of Sales & Marketing        Its:  Vice President, Regulatory Affairs and Fuels

25Exhibit 10.1

 

INCREMENTAL TERM LOAN ACTIVATION NOTICE 
 TRANCHE B-2 TERM FACILITY

 

February 12, 2013

 

To:          JPMorgan Chase Bank, N.A.,

as Administrative Agent under the Credit Agreement referred to below

 

Reference is hereby made to the Credit Agreement, dated as of October 26, 2011 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among LIN Television Corporation, a Delaware corporation (the “Borrower”), the several banks and other financial institutions from time to time parties thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), issuing lender and swingline lender and the other parties named therein. Unless otherwise defined herein, capitalized terms used herein have the meanings ascribed to them in the Credit Agreement.

 

This notice is the Incremental Term Loan Activation Notice referred to in the Credit Agreement, and the Borrower and Deutsche Bank Trust Company Americas (the “Incremental B-2 Term Lender”) hereby notify you that they intend to establish an Incremental Term Loan Facility under the Credit Agreement (the “Tranche B-2 Term Facility” and the Loans thereunder, the “Tranche B-2 Term Loans”) and that:

 

1.             The Incremental Term Loan Amount of the Incremental B-2 Term Lender under the Tranche B-2 Term Facility is $60,000,000.

 

2.             The Incremental Term Loan Closing Date for the Tranche B-2 Term Facility is February 12, 2013 (the “Tranche B-2 Term Loan Closing Date”).

 

3.             The Incremental Term Loan Maturity Date of the Tranche B-2 Term Loans (the “Tranche B-2 Maturity Date”) is the earliest of (a) December 21, 2018 or, if such date is not a Business Day, the Business Day next preceding such date, (b) the date upon which the Tranche B-2 Term Loans shall become due and payable pursuant to Section 8 of the Credit Agreement and (c) January 15, 2018 or, if such date is not a Business Day, the Business Day next preceding such date, if the Borrower has not (i) refinanced (to a date beyond June 21, 2019), repurchased, redeemed, discharged or defeased (in each case, in full) the 2018 Notes on or prior to January 15, 2018.

 

4.             In the event that, on or prior to the first anniversary of the Second Amendment Effective Date, the Borrower (i) makes any repayment, prepayment, purchase or buyback of Tranche B-2 Term Loans in connection with any Repricing Event (as defined below) or (ii) effects any amendment of the Credit Agreement resulting in a Repricing Event, the Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Lenders holding Tranche B-2 Term Loans (the “Tranche B-2 Term Lenders”) (x) in the case of clause (i), a prepayment premium of 1.00% of the aggregate principal amount of the Tranche B-2 Term Loans so being prepaid, repaid or purchased and (y) in the case of clause (ii), an amount equal to 1.00%

 

 

of the aggregate principal amount of the applicable Tranche B-2 Term Loans outstanding immediately prior to such amendment.

 

As used herein, “Repricing Event” means (a) any prepayment, repayment, refinancing, substitution or replacement of all or a portion of the Tranche B-2 Term Loans with the proceeds of, or any conversion of Tranche B-2 Term Loans into, any new or replacement tranche of syndicated term loans (including new Term Loans under the Credit Agreement) bearing interest with an “effective yield” (taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the weighted average life to maturity of such term loans and (B) four years), but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans in their capacities as lenders or holders of such term loans) less than the “effective yield” applicable to the Tranche B-2 Term Loans (determined on the same basis as provided in the preceding parenthetical) but excluding any such term loans incurred in connection with a Change of Control and (b) any amendment (including a Replacement Term Loan pursuant to subsection 10.1 of the Credit Agreement) to the Tranche B-2 Term Loans or any tranche thereof which reduces the “effective yield” applicable to such Tranche B-2 Term Loans (as determined on the same basis as provided in the preceding clause (a)).

 

5.             Annex A sets forth (a) the amortization schedule relating to the Tranche B-2 Term Facility and (b) the Applicable Margin for the Tranche B-2 Term Facility.

 

6.             The Tranche B-2 Term Facility, and the making of Tranche B-2 Term Loans thereunder on the Tranche B-2 Term Loan Closing Date, shall be subject to the terms and conditions of subsections 2.1(b), (c) and (d) of the Credit Agreement, including, in the case of subsection 2.1(d) of the Credit Agreement, receipt by the Incremental B-2 Term Lender of all documentation that may be requested or required by the Administrative Agent thereunder (for the purpose of this Section 6, as if the Incremental B-2 Term Lender were the Administrative Agent) (it being understood and agreed that this Section 6 shall in no way limit the requirements under subsection 2.1(d) of the Credit Agreement, including receipt by the Administrative Agent of the documentation required thereunder).

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

2

 

	
 
    	
LIN TELEVISION CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard Schmaeling
    
	
 
    	
Name:
    	
Richard Schmaeling
    
	
 
    	
Title:
    	
Senior Vice President and Chief   Financial Officer
    
				

 

[Signature Page to Incremental Term Loan Activation Notice — Tranche B-2 Term Facility]

 

 

	
 
    	
DEUTSCHE BANK TRUST COMPANY AMERICAS, as   the Incremental B-2 Term Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Anca Trifan
    
	
 
    	
 
    	
Name:
    	
Anca Trifan
    
	
 
    	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eric Pratt
    
	
 
    	
 
    	
Name:
    	
Eric Pratt
    
	
 
    	
 
    	
Title:
    	
Director
    

 

[Signature Page to Incremental Term Loan Activation Notice — Tranche B-2 Term Facility]

 

 

	
Accepted and Agreed:
    	
 
    
	
 
    	
 
    
	
J.P. MORGAN CHASE BANK, N.A.,
    	
 
    
	
as Administrative Agent
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Robert D. Bryant
    	
 
    
	
 
    	
Name:
    	
Robert D. Bryant
    	
 
    
	
 
    	
Title:
    	
Vice President
    	
 
    

 

[Signature Page to Incremental Term Loan Activation Notice — Tranche B-2 Term Facility]

 

 

ANNEX A

 

(A)          Amortization Schedule:  The Tranche B-2 Term Loans of each Tranche B-2 Lender shall mature in consecutive quarterly installments payable by the Borrower on the last day of March, June, September and December of each year, commencing on March 31, 2013, in the Tranche B-2 Term Percentage (as defined below) of such Tranche B-2 Term Lender of the aggregate principal amount set forth opposite each of such installments specified below:

 

	
Installment
    	
 
    	
Amount
    	
 
    
	
March 31,   2013
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2013
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2013
    	
 
    	
$
    	
150,000.00
    	
 
    
	
December 31,   2013
    	
 
    	
$
    	
150,000.00
    	
 
    
	
March 31,   2014
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2014
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2014
    	
 
    	
$
    	
150,000.00
    	
 
    
	
December 31,   2014
    	
 
    	
$
    	
150,000.00
    	
 
    
	
March 31,   2015
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2015
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2015
    	
 
    	
$
    	
150,000.00
    	
 
    
	
December 31,   2015
    	
 
    	
$
    	
150,000.00
    	
 
    
	
March 31,   2016
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2016
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2016
    	
 
    	
$
    	
150,000.00
    	
 
    
	
December 31,   2016
    	
 
    	
$
    	
150,000.00
    	
 
    
	
March 31,   2017
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2017
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2017
    	
 
    	
$
    	
150,000.00
    	
 
    
	
December 31,   2017
    	
 
    	
$
    	
150,000.00
    	
 
    
	
March 31,   2018
    	
 
    	
$
    	
150,000.00
    	
 
    
	
June 30,   2018
    	
 
    	
$
    	
150,000.00
    	
 
    
	
September 30,   2018
    	
 
    	
$
    	
150,000.00
    	
 
    
	
Tranche B-2
    Maturity Date
    	
 
    	
Aggregate principal amount of  Tranche B-2 Term Loans outstanding
    	
 
    

 

For purposes of this amortization schedule, “Tranche B-2 Term Percentage” means, as to any Tranche B-2 Term Lender at any time, the percentage which the aggregate principal amount of such Lender’s Tranche B-2 Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B-2 Term Loans then outstanding.

 

 

(B)                               Applicable Margin:

 

	
 
    	
 
    	
ABR Loans
    	
 
    	
Eurodollar Loans
    	
 
    
	
Tranche B-2   Term Loans
    	
 
    	
2.00
    	
%
    	
3.00
    	
%
    

 

provided, however, that notwithstanding the rate calculated in accordance with the foregoing or the definitions of “ABR” and “Eurodollar Rate” in the Credit Agreement, at no time shall (a) the ABR for the Tranche B-2 Term Facility be less than 2.00% per annum and (b) the Eurodollar Rate for the Tranche B-2 Term Facility (before giving effect to any adjustment for reserve requirements) be less than 1.00% per annum; provided further, that the all-in yield (whether in the form of interest rate margins, original issue discount, upfront fees or LIBOR/ABR floors) applicable to any subsequent Incremental Term Facility will not be more than 0.50% higher than the corresponding all-in yield (giving effect to interest rate margins, original issue discount, upfront fees and LIBOR/ABR floors) for the Tranche B-2 Term Facility, unless the interest rate margins with respect to the Tranche B-2 Term Facility is increased by an amount equal to (A) the difference between the all-in yield with respect to such Incremental Term Facility and the corresponding all-in yield on the Tranche B-2 Term Facility minus (B) 0.50%.

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