Document:

Exhibit 10.34

 Exhibit 10.34 
 AMENDED AND RESTATED 
 AGREEMENT FOR SALE OF ELECTRIC CAPACITY

  

	1.	PARTIES 

 The Parties to
this Agreement are CHUGACH ELECTRIC ASSOCIATION, INC., an Alaska non-profit electric cooperative corporation, having its offices at Anchorage, Alaska (hereinafter called “Chugach”), and ALASKA ELECTRIC AND ENERGY COOPERATIVE, INC., an
Alaska non-profit electric cooperative corporation, having its offices at Homer, Alaska (hereinafter called “AEEC”). 
  

	2.	RECITALS 

  

	 	2.1.	Chugach is obligated to provide generation capacity to Homer Electric Association, Inc. and AEEC through December 31, 2013. 

 

	 	2.2	Due to the sale of Bernice Lake Power Plant (BLPP) by Chugach to AEEC effective November 30, 2011, Chugach desires to purchase from AEEC the capacity from BLPP
beginning on December 1, 2011, through December 31, 2013. 

  

	 	2.3	Purchase of capacity from AEEC will be subject to the terms and conditions hereinafter set out. 

 

	3.	AGREEMENT 

  

	 	3.1.	In consideration of the mutual covenants herein, beginning on the Effective Date, Chugach agrees to buy and AEEC agrees to sell Contract Capacity subject to the
following terms and conditions. 

  

	 	3.2.	This Agreement covers the capacity from BLPP that AEEC has the right to sell to Chugach upon the transfer of BLPP from Chugach to AEEC. 

 

	 	3.3	AEEC’s obligation under this Agreement is subject to any scheduled and forced outage (a forced outage is one caused by an Uncontrollable Force as defined in
Section 7.1). AEEC is purchasing BLPP from Chugach in its present condition and does not warrant BLPP as being capable of meeting the requirements of Chugach. 

 

	 	3.4	AEEC will deliver energy under this Agreement to the Points of Delivery. 

  

	4.	DEFINITIONS 

 The
following terms, when used in this Agreement, shall have the meanings specified. 
  

	 	4.1.	 Contract Capacity: The amount of power expressed in kilowatts (kW) that AEEC is obligated to make available and for which Chugach is obligated to
purchase. The amount of the Contract Capacity shall be the total output measured in kW of 

	 	
available capacity of the BLPP units under the present ambient or machine conditions. When the plant is fully available the Contract Capacity is nominally 69,880 kW at ISO conditions.

  

	 	4.2.	Effective Date: The Effective Date is December 1, 2011, provided that the requisite approval set forth in Section 7.7 is obtained prior to November 30,
2011. 

  

	 	4.3	Points of Delivery: The points where AEEC delivers to Chugach the capacity and energy provided under this Agreement at the Bernice Lake Power Plant, defined as the
generator terminal output of Unit Nos. 2, 3 and 4, respectively. The Parties may mutually agree to change the Points of Delivery. 

  

	 	4.4	Prudent Utility Practice: At a particular time any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry
at such time, or which, in the exercise of reasonable judgment in light of facts known at such time, could have been expected to accomplish the desired results at the lowest reasonable cost consistent with good business practices, reliability,
safety and reasonable expedition. Prudent Utility Practice is not required to be the optimum practice, method or act to the exclusion of all others, but rather to be a spectrum of possible practices, methods or acts which could have been expected to
accomplish the desired result at the lowest reasonable cost consistent with reliability, safety and expedition. Prudent Utility Practice includes due regard for manufacturer’s warranties and the requirements of governmental agencies of
competent jurisdiction and shall apply not only to functional parts of a Project, but also to appropriate structures, landscaping, painting, signs, lighting and other facilities. 

 

	5.	SPECIAL PROVISIONS 

  

	 	5.1	Energy. To the extent Chugach requests energy from BLPP, AEEC’s obligation to provide energy and Chugach’s obligation to pay for such energy shall be
contingent upon Chugach providing all fuel, fuel transportation, fuel exchange and storage, and delivering such fuel to BLPP, or such other location mutually agreed by the Parties, meeting all operational specifications for consumption in the BLPP
turbines or Nikiski heat recovery steam generator. Except for the variable O&M charge set forth in Section 6.2 of this Agreement, there shall be no additional charge for delivered energy beyond Chugach’s obligation to supply fuel as
set forth in this Section 5.1 and Section 5.2 below. AEEC and Chugach shall cooperate in good faith in scheduling the delivery of energy requested by Chugach and the delivery of fuel by Chugach to AEEC. 

 

	 	5.2	Waste Water Disposal. Chugach shall be responsible for disposal of all waste water generated in the production of water for the purpose of water injection to provide
energy for Chugach. Chugach shall have the right to make improvements to provide for the onsite disposal of the waste, subject to AEEC’s approval of the proposed improvements. 

  
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	 	5.3	Notification. All formal notice, demands or requests given or made under this Agreement shall be in writing and shall be deemed properly given or made if delivered
personally or sent by registered mail, certified mail, facsimile or email to the person(s) designated below: 

 Notices to Chugach: 
 Chief Executive Officer 

Chugach Electric Association, Inc. 

5601 Electron Drive 
 Anchorage, Alaska 99518-1081 
 Notices to AEEC: 

General Manager 
 Alaska Electric and Energy Cooperative, Inc. 
 3977 Lake Street

 Homer, Alaska 99603 
  

	 	5.4	Term. The Agreement will remain in effect until December 31, 2013. 

  

	 	5.5	It is understood that AEEC does not presently operate a control area and does not offer dispatch services. Dispatch of BLPP by Chugach will be subject to a mutually
acceptable dispatch protocol that will (a) provide Chugach the priority right to energy from BLPP; (b) identify the circumstances which allows AEEC to take energy; and, (c) govern the dispatch, starting, stopping and run time control
of BLPP. Chugach reserves the right to charge for the services in Section 5.5 if and to the extent providing energy to AEEC from BLPP results in the costs to the Chugach system for providing the services materially increasing from the costs
that exist as of the Effective Date. 

  

	6.	RATES AND COSTS 

  

	 	6.1	The rates and costs set forth in Section 6.2 below for the capacity and energy purchased by Chugach from AEEC under this Agreement shall be approved by the
Regulatory Commission of Alaska (RCA) in accordance with applicable statutes, regulations and procedures. 

  

	 	6.2	Costing Methodologies. a) Chugach has paid AEEC the sum of (i) $1,696,865 as the price for the capacity rights reserved hereunder, which is equivalent to monthly
amount of $67,874.60 over the term of the agreement. 

 b) Chugach shall pay AEEC a fixed O&M charge of
$50,000 per month. However, Chugach shall receive a $1,644 credit against the fixed O&M charge for each day that AEEC dispatches, following the protocol in Section 5.5, BLPP for energy for AEEC’s own use. 

 c) Chugach shall pay AEEC for delivered energy at a rate equal to a variable O&M charge
of $5.00/MWh. Chugach shall also be responsible for the disposal of waste water costs as set forth in Section 5.2. 
 d)
Subject to Section 3.3 and consistent with Prudent Utility Practices, AEEC will start a specific unit at the request of Chugach up to 80 times per twelve month period at no additional cost to Chugach. For every start in excess of 80 starts per
specific unit per calendar year, Chugach will pay AEEC the sum of $1,000. In addition Chugach will pay AEEC the sum of $1,000 for each time a specific unit is started at the request of Chugach in excess of two starts per day. Failed starts shall not
be considered starts under this Section 6.2(d). A “failed start” for the purposes of this provision means an instance where a unit has been given the command to start, but the fuel fails to ignite. 

 

	 	6.3	Chugach Cost Recovery. (a) Chugach shall fully recover in its base rate revenue requirements through simplified rate filings and general rate case proceedings all
BLPP and related costs incurred through November 30, 2011, including but not limited to depreciation, interest and O&M expense Chugach will include such costs for recovery through its retail and wholesale base rates, including, but not
limited to, AEEC 

  

	7.	GENERAL TERMS AND CONDITIONS 

  

	 	7.1	Uncontrollable Forces. 

  

	 	7.1.1	An “Uncontrollable Force” shall mean an action or event not within the reasonable control of the affected party and includes an act of God, act or omission of
government, labor or material shortage, strike, lockout or other industrial disturbances, act of the public enemy, war, blockade, insurrection, riot, epidemic, landslide, avalanche, earthquake, fire, storm, lightning, flood, washout, civil
disturbance, restraint by court order or public authority, action or non-action by or inability to obtain necessary authorization or approval from any governmental agency or authority, and any other act or omission similar to the kind herein
enumerated. Each of these matters enumerated constitutes an Uncontrollable Force to the extent it is not within the reasonable control of the affected party, and to the extent that such party by the exercise of due diligence is unable to overcome
it. Strike, lockouts, and other labor disturbances shall be considered Uncontrollable Forces, and nothing in this Agreement shall require either party to settle labor dispute against its best judgment. 

  
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	 	7.1.2	In the event either party, by reason of an Uncontrollable Force, is rendered unable, wholly or in part, to perform its obligations under this Agreement (other than its
obligations to pay money), then upon said party giving notice and particulars of such Uncontrollable Force, its obligation to perform shall be suspended during the continuance of any inability so caused, but for no longer period, and the effects of
such cause shall, so far as possible, be remedied with all reasonable dispatch; provided however, that the settlement of labor disputes shall be considered wholly within the discretion of the party involved. The affected party shall not be
responsible for its delay in performance under this Agreement during delays caused by an Uncontrollable Force, nor shall such Uncontrollable Force give rise to claim for damages or constitute default. 

 

	 	7.2	Responsibility. 

  

	 	7.2.1	Except as otherwise provided, AEEC shall operate and maintain BLPP and the associated substation up to the high side of the T5 Auto-Transformer connecting to the
incoming 115kV transmission line. 

  

	 	7.2.2	Each party shall save the other harmless from and against all claims for injury or damage to persons or property occasioned by or in any way resulting from the electric
service or the use thereof on facilities for which it has operation and maintenance responsibility. 

  

	 	7.3	Metering. AEEC shall maintain the existing metering locations, set forth in the Parties’ existing Agreement for Sale of Electric Power and Energy, for measuring
the energy, delivered at BLPP. If the parties mutually agree that additional metering is required in order to adequately measure the energy delivered to Chugach, the cost of installing the metering will be paid by Chugach. 

 

	 	7.3.1	AEEC (i) shall, at its own expense, make or provide for annual tests and inspections of all AEEC meters in order to maintain a commercial standard of accuracy,
(ii) shall restore to a condition of accuracy any meters found to be inadequate, and (iii) shall advise Chugach promptly of the results of any such test which shows any inaccuracy more than 0.5 percent slow or fast. Chugach shall be
permitted to have representatives present at such tests and inspections. AEEC shall make or provide for additional tests of AEEC meters at the request of Chugach and in presence of Chugach’s representatives. The cost of any additional test
requested by Chugach shall be borne by AEEC if such test shows a meter inaccurate by more than 0.5 percent slow or fast. 

 In the event that the result of such test shows a meter registering in excess of 0.5 percent either above or below the correct registration, then the readings of such meter previously taken for billing
purposes shall be corrected according to the percentage of inaccuracy so found for the known or 

 
estimated period of such error, but no such correction shall extend beyond 90 days previous to the day on which the inaccuracy is discovered by such test. For any period that meter should fail to
register, or its registration should be so erratic as to be meaningless for billing purposes, the bill for power and energy shall be based upon records from check meters, if available and tested for accuracy, or otherwise upon the best available
data. 
  

	 	7.4	Waiver. The failure of any party to insist upon strict performance of any of the provisions hereof or the acceptance by any party of the payment for all or part of the
obligations hereunder shall not be deemed a waiver of any right or remedy by any party. 

  

	 	7.5	Billing and Payment. 

  

	 	7.5.1	AEEC shall endeavor to render bills to Chugach on or before the 10th day of each calendar month for services furnished during the preceding billing month. In such
bills, AEEC may designate certain items as being estimated due to unavailability of final underlying data, in which event adjustments to the correct amounts when amounts are determined, shall be included in a bill for subsequent month.

  

	 	7.5.2	Payment by Chugach shall be due in AEEC’s office by the 15th day after mailing of bill. Payment shall be mailed, direct deposit to AEEC, or may be paid in person,
at AEEC’s main offices in Homer. Amounts not received on or before the due date shall be payable with interest accrued at the rate of 1 percent per month compounded monthly from the due date to the date of payment. 

 

	 	7.5.3	In the event any portion of any bill is disputed, the disputed amount may be paid or may be withheld. In either event, Chugach shall provide AEEC a detailed written
explanation of why the amount is in dispute. If the disputed portion is paid and later found to be not owed, AEEC shall refund to Chugach the disputed portion plus interest on a monthly basis at the highest rate allowable by State law to the date
the refund check is mailed by AEEC. If the disputed portion is withheld and later found to be owed, Chugach shall pay the disputed portion to AEEC plus interest on a monthly basis at the highest rate allowable by State law from the due date of
payment to the date the refund check is mailed by Chugach. 

  

	 	7.6	Arbitration. If the Parties are unable to agree upon any matter as herein provided, the issue shall be submitted to arbitration in accordance with rules in effect of
the American Arbitration Association. 

  

	 	7.7	 Approvals. It is understood that this Agreement shall become effective only upon its approval in writing by the RCA. The Parties shall work together to
submit the Agreement for approval and use their best efforts to obtain approval. If the RCA by 

  
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order approves this Agreement conditioned on a material modification of any of its terms, the Parties shall confer to determine whether they accept such modifications. If one or more Parties do
not accept such modifications, the Parties agree to negotiate in good faith to restore the balance of risks and benefits reflected in this Agreement as executed; and any such renegotiated Agreement shall be filed with the RCA for approval.

  

	 	7.8	Assignment. This agreement shall be binding on and shall inure for the benefit of the successors and assigns of the Parties. 

 

	 	7.9	Governing Law. This Agreement shall be interpreted, performed, and enforced in accordance with the laws of the State of Alaska. 

 

	 	7.10	Cooperation. Each Party agrees to execute and deliver such other and additional instruments and documents and do such other acts as may be reasonably requested by the
other Party to effectuate the terms and provisions of this Agreement. 

 IN WITNESS WHEREOF,
the Parties have caused this Agreement to be executed by their authorized representatives effective as of the
12th day of July, 2011. 

 

	
	CHUGACH ELECTRIC ASSOCIATION, INC.
	
	 /s/ Bradley W. Evans

	 By Bradley W. Evans
Chief Executive Office

 Date: July 12, 2011 
  

	
	ALASKA ELECTRIC AND ENERGY COOPERATIVE, INC.
	
	 /s/ Bradley P. Janorschke

	 By Bradley P. Janorschke
General Manager

 Date: July 12, 2011 

  
 7Exhibit 10.35

 Exhibit 10.35 
 FSS SERVICE AGREEMENT 
 BETWEEN 

COOK INLET NATURAL GAS STORAGE ALASKA, LLC 
 AND 
 CHUGACH ELECTRIC ASSOCIATION, INC. 

 
 This Agreement (“Agreement” or “FSS
Agreement”), made and entered into as of this 27th day of July, 2011 (the “Effective Date”), is by and between Cook Inlet Natural Gas Storage Alaska, LLC, (hereinafter referred to as “Seller”) and Chugach
Electric Association, Inc., an Alaska electric cooperative having its principal office at Anchorage, Alaska (hereinafter referred to as “Customer”). Seller and Customer are sometimes referred to individually as a “Party” or
together as the “Parties.” 
 Witnesseth 
 WHEREAS, Seller is the developer, owner, and operator of an underground natural gas storage facility, the CINGSA Facility, located in the Cook Inlet Region of Southcentral Alaska, for the purpose of
providing natural gas storage and related services; and 
 WHEREAS, Customer has requested Seller to provide firm natural gas storage services
on its behalf and Seller represents that it is willing to provide such firm storage services under the terms and conditions of this Agreement; and 
 WHEREAS, Customer either has existing agreements or is currently negotiating new agreements with pipeline companies for the transportation, delivery, and redelivery, at the Point of Injection/Withdrawal,
of quantities of Gas for storage service provided for herein. 

 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, Seller and
Customer agree that the terms below, together with the terms and conditions of Seller’s applicable Rate Schedule and the Rules and Regulations of Seller’s Tariff constitute the storage service to be provided and set forth the rights and
obligations of Seller and Customer with respect thereto: 
 Article I 

Contract Quantities and Commencement Date 
 I.1 The Contract Quantities are set forth on the attached Appendix A. 
 I.2 The term
“Commencement Date” shall mean three (3) Business Days following notice from Seller to Customer that the CINGSA Facility is commercially available to provide firm injection service to Customer. Storage Provider shall provide Storage
Customer with at least thirty (30) days’ advance written notice of the anticipated Commencement Date of this FSS Agreement. 
 I.3
Capitalized terms shall be as defined in the Rules and Regulations of Seller’s Tariff. 
 Article II 

Storage Injections and Withdrawals 
 II.1 Beginning on the Commencement Date and during each Contract Year of the term hereof, Seller shall be obligated to accept for the account of Customer such quantities of Gas as Customer causes to be
delivered for injection pursuant to the provisions hereof, provided, however, that Seller shall have no obligation to accept any quantities of Gas for injection, which will cause Customer’s Storage Quantity at any time to exceed Customer’s
Maximum Storage Quantity. 
 II.2 Beginning on the Commencement Date and on any Day of the term hereof, Customer may cause to be delivered for
injection the quantities of Gas pursuant to Section II.1 of this Article II at a daily rate not to exceed the Maximum Daily Injection Quantity. Customer shall furnish at the Point of Injection/Withdrawal, for each Dth delivered by Customer for
injection, Seller’s Injection and Withdrawal Fuel Use quantity utilizing the Rate Schedule FSS Injection and Withdrawal Fuel Use Percentage. 
 II.3 Although Seller shall have no obligation to accept daily quantities of Gas in excess of the Maximum Daily Injection Quantity, Seller may, at Customer’s request, accept such daily quantities in
excess thereof as Seller, in its sole judgment, determines that it is able to accept without jeopardizing its ability to meet its other obligations and subject to the Authorized Overrun Storage Service provisions as stated in Seller’s Tariff.

 II.4 Beginning on the Commencement Date and on any Day of the term hereof, Seller shall redeliver to Transporter(s) for the account of
Customer such quantities of the Storage Quantity as Customer may request for withdrawal subject to the limitations provided for in Section II.5 of this Article II. In no event shall the Storage Quantity be less than zero. 

 II.5 The cumulative quantities of Gas redelivered by Seller to Transporter(s) for the account of Customer
pursuant to Section II.4 of this Article II shall be at such daily rate as Customer may request but not in excess of the Maximum Daily Withdrawal Quantity without the consent of Seller. 
 II.6 Although Seller shall have no obligation to redeliver daily quantities of Gas in excess of the Maximum Daily Withdrawal Quantity, Seller may, at Customer’s request, redeliver such daily
quantities in excess thereof as Seller, in its sole judgment, determines that it is able to redeliver without jeopardizing its ability to meet its other obligations and subject to the Authorized Overrun Storage Service provisions as stated in
Seller’s Tariff. 
 Article III 
 Charges 
 III.1 Beginning on the Commencement Date, unless agreed to otherwise by
Seller, Customer will pay Seller monthly for the service provided for hereunder, the rates, charges, and fees in accordance with Seller’s Tariff. However, if the Commencement Date is any other than the first day of any month, Customer will pay
a pro-rata amount of the reservation and capacity fees based on the number of days of the month that service has been made available divided by the total number days in the month. 
 III.2 If the RCA requires Seller to adjust the Tariff rates charged for service hereunder pursuant to Rate Schedule FSS, then from and after the effective date of that rate adjustment, the adjusted rates
shall become the effective rates hereunder pursuant to the Rate Schedule FSS for all Customers. 
 Article IV 

Term 
 IV.1 Term:
From the Effective Date through March 31, 2032. 
 IV.2 In the event any quantities of Gas remain in storage for Customer’s account on
the Day this FSS Agreement terminates, such remaining quantities shall be handled under the terms stated in Section 15.2 of the Tariff. All withdrawal or other appropriate fees shall apply. 

 Article V 
 Notices 
 V.1 Any notice, request, statements or other communication
(“Notice”) regarding this FSS Agreement or its performance may be transmitted by electronic mail to the address listed below and shall, unless otherwise provided, also be transmitted by personal delivery or United States Mail, postage
prepaid, to the address listed below: 
  

	 	a.	All Notices to be sent to Seller shall be addressed to: 

 Cook Inlet Natural Gas Storage Alaska, LLC 
 Attention: Richard
Gentges 
 3000 Spenard Road 

Anchorage, Alaska 99503 
 Phone: (907) 334-7980 
 Email: Richard.gentges@cingsa.com

  

	 	b.	All Notices to be sent to Customer shall be addressed to: 

 Chugach Electric Association, Inc. 
 Attention: Lee D. Thibert

 5601 Electron Drive 
 Anchorage, Alaska 99519-6300 
 Phone: (907) 762-4517

 Email: lee_thibert@chugachelectric.com 
 V.2 Notice shall be effective as of the day of the electronic mail, if such electronic mail is in fact delivered to the receiving Party’s electronic mail server on that day before 5 p.m. Alaska Time.
Otherwise, notice shall be effective when the hard copy is delivered to the receiving Party. Any Party may change its address by providing written notice to that effect to the other Party. If the date specified in this Agreement for giving any
notice or taking any action is not a Business Day (or if the period during which any notice is required to be given or any action taken expires on a date that is not a Business Day), then the date for giving such notice or taking such action (and
the expiration date of such period during that notice is required to be given or action taken) shall be the next day that is a Business Day. 

V.3 All notices provided for in this Article V may be waived with the consent of Customer and Seller. 

 Article VI 
 Miscellaneous 
 VI.1 The provisions of Seller’s FSS Rate Schedule and Tariff
are applicable to this FSS Agreement and are specifically incorporated herein by reference and made a part hereof. In the event of any inconsistency between Seller’s Tariff and this FSS Agreement, the terms of this FSS Agreement shall control.
Seller shall put into effect any changes in accordance with any applicable orders issued from the RCA or any applicable regulatory body with jurisdiction at any time to change the provisions of service and this FSS Agreement shall be deemed to
include such changes and any changes which become effective by operation of law or regulation, without prejudice to Customer’s right to protest the same. 
 VI.2 No modification of the terms and provisions of this FSS Agreement shall be made except by the execution by both Seller and Customer of a written agreement. 

VI.3 If any term or provision of this FSS Agreement shall be declared to be invalid or incapable of being enforced by any rule of law or public policy,
all other terms and provisions of this Agreement shall nevertheless remain in full force and effect, provided that the economic and legal substance of the transactions contemplated under this Agreement are not affected in any manner materially
adverse to Seller or Customer. In any such event, Seller and Customer shall negotiate in good faith to modify this Agreement so as to effect the original intentions of Seller and Customer as closely as possible in a mutually acceptable and legally
enforceable manner, to the end that the activities and results contemplated under this Agreement may be effected to the maximum extent possible. This FSS Agreement is subject to all valid laws, rules and regulations of duly constituted authorities
having jurisdiction over the subject matter hereof and to receipt of any and all such authorizations as may be required for the construction, ownership and operation of the Storage Facilities and provision of the service contemplated herein.

 VI.4 No presumption shall operate in favor of or against Seller or Customer as a result of any responsibility or role that Seller or Customer
may have had in the drafting of this FSS Agreement. 
 VI.5 This FSS Agreement shall not create any rights in third parties, and no provisions
hereof shall be construed as creating any obligation for the benefit of, or rights in favor of, any person or entity other than Seller or Customer. 
 VI.6 This Agreement shall be interpreted, performed, and enforced in accordance with the laws of the State of Alaska. Any dispute under this Agreement shall be resolved in Alaska Superior Court, Third
Judicial District in Anchorage, Alaska. 
 VI.7 This FSS Agreement may be executed in counterparts, and all such executed counterparts shall
form part of this FSS Agreement. 

 Article VII 
 Other Provisions 
 VII.1. Customer shall be considered an Initial Capacity Customer.

 VII.2 Seller will exercise commercially reasonable efforts to construct and complete the Storage Facilities in order to initiate the
injection service by April 1, 2012. The dates in this Agreement for initiation of injection and withdrawal are estimates based on: (i) the knowledge of the Parties as of the date of the execution of this FSS Agreement; and (ii) the
timely receipt of regulatory authorizations necessary for the construction, ownership and operation of the Storage Project. Customer understands and agrees that the April 1, 2012 in-service date is an estimated initial service date and that
conditions and circumstances may arise that cause the actual in-service date to be other than as set forth herein. Customer understands and accepts this risk. 
 VII.3 Notwithstanding any other provision in this FSS Agreement or the Tariff Storage Customer will be subject to the creditworthiness provisions of the Tariff. 

VII.4 Each Party represents and warrants to the other as follows: 
 a. Such Party is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and will be in good standing in each other jurisdiction where the failure to so
qualify would have a material adverse effect upon the business or financial condition of such Party or its ability to perform its obligations under this FSS Agreement. 
 b. The execution, delivery and performance of this FSS Agreement by such Party has been duly authorized by all necessary action on the part of such Party in accordance with such Party’s charter
documents and does not and will not require the consent of any trustee or holder of any indebtedness or other obligation of such Party or any other party to any other agreement with such Party. 

c. This FSS Agreement has been duly executed and delivered by such Party. This FSS Agreement constitutes the legal, valid, binding and
enforceable obligation of such Party, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws of general application relating to or affecting creditors. 

d. There is no existing or pending action or proceeding, third party lien, third party covenant, or, to such Party’s actual
knowledge, threatened action or proceeding affecting such Party before any court, government authority or arbitrator that could reasonably be expected to materially and adversely affect the financial condition or operations of such Party or the
ability of such Party to perform its obligations hereunder, or that purports to affect the legality, validity or enforceability of this FSS Agreement. 
 VII.5 Customer shall support Seller’s applications to construct the Storage Facilities and any filing required to implement this FSS Agreement and the Tariff including any cost and/or rate

 
true-up filings. Notwithstanding the foregoing in this Section VII.5, nothing herein shall limit Customer’s right to oppose or refuse to support any such applications that are materially
inconsistent with the this FSS Agreement and/or the Tariff. 
 VII.7 Seller will provide Customer with regular construction progress reports
from the Effective Date until the Commencement Date. 
 VII.8 After operation of the Storage Facility for a reasonable period of time as
required to determine the operating characteristics of the Storage Facility, however, in no event less than three (3) years, if Seller determines that the physical injection and withdrawal performance of the Storage Facility is less than the
Base Storage Design (“Capacity Shortfall”), the contract quantities set forth in the FSS Agreement shall be amended to reflect, on a pro rata basis, the Capacity Shortfall. Specifically, Customer’s contract capacity shall be reduced
by Customer’s pro rata share of the Capacity Shortfall. The pro rata share shall be based on Customer’s MSQ compared with the MSQ of other Initial Capacity Customers The maximum Tariff rate will be adjusted to provide Seller with the
opportunity to recover its costs of service based on the revised storage capacity. 
 VII.9 If Seller fails, by April 1, 2015, to deliver
notice of the Commencement Date, this FSS Agreement may be terminated by either Party by delivery of notice of termination to the other Party. In such event, neither Party shall have any liability to each other. 

IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in several counterparts by the hands of their proper officials duly
authorized in that behalf, as of the day and year first above written. 

 
			
	SELLER: Cook Inlet Natural Gas Storage Alaska, LLC
	
	  

		
	By:	 	 /s/ M. Colleen Starring

	Title:	 	 Vice President

	Date:	 	 July 26, 2011

	
	CUSTOMER: Chugach Electric Association, Inc.
	
	  

		
	By:	 	 /s/ Bradley W. Evans

	Title:	 	 CEO

	Date:	 	 July 27, 2011

 Appendix A for Chugach Electric Association, Inc. 

Page 1 of 5 

Contract Quantities 
 This Appendix A is effective: from the Commencement Date through March 31, 2013 

Total Contract Quantity: 2.4 Bcf 

Maximum Storage Quantity (“MSQ”): 2.4 Bcf 
 Contract Injection Quantity (“CIQ”): 27,000 
 Contract Withdrawal Quantity
(“CWQ”): 35,000 
 Maximum Daily Injection Quantity (“MDIQ”): 

 

					
	% MSQ	  	MDIQ (Mcf/day)	 
		
	0%-55%	  	 	27,000	  
		
	55%-90%	  	 	17,820	  
		
	>90%	  	 	13,500	  

 Maximum Daily Withdrawal Quantity (“MDWQ”): 

 

					
	% MSQ	  	MDWQ (Mcf/day)	 
		
	100%-45%	  	 	35,000	  
		
	45%-20%	  	 	25,550	  
		
	<20%	  	 	19,600	  

  
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 Appendix A 
 Page 2 of 5 
 Contract Quantities 

This Appendix A is effective: from April 1, 2013 through March 31, 2014. 

Total Contract Quantity: 2.3 Bcf 

Maximum Storage Quantity (“MSQ”): 2.3 Bcf 
 Contract Injection Quantity (“CIQ”): 27,000 
 Contract Withdrawal Quantity
(“CWQ”): 35,000 
 Maximum Daily Injection Quantity (“MDIQ”): 

 

					
	% MSQ	  	MDIQ (Mcf/day)	 
		
	0%-55%	  	 	27,000	  
		
	55%-90%	  	 	17,820	  
		
	>90%	  	 	13,500	  

 Maximum Daily Withdrawal Quantity (“MDWQ”): 

 

					
	% MSQ	  	MDWQ (Mcf/day)	 
		
	100%-45%	  	 	35,000	  
		
	45%-20%	  	 	25,550	  
		
	<20%	  	 	19,600	  

  
 10 

 Appendix A 
 Page 3 of 5 
 Contract Quantities 

This Appendix A is effective: from April 1, 2014 through March 31, 2016. 

Total Contract Quantity: 1.9 Bcf 

Maximum Storage Quantity (“MSQ”): 1.9 Bcf 
 Contract Injection Quantity (“CIQ”): 27,000 
 Contract Withdrawal Quantity
(“CWQ”): 35,000 
 Maximum Daily Injection Quantity (“MDIQ”): 

 

			
	 % MSQ
	 	MDIQ (Mcf/day)
		
	0%-55%	 	27,000
		
	55%-90%	 	17,820
		
	>90%	 	13,500

 Maximum Daily Withdrawal Quantity (“MDWQ”): 

 

			
	 % MSQ
	 	MDWQ (Mcf/day)
		
	100%-45%	 	35,000
		
	45%-20%	 	25,550
		
	<20%	 	19,600

  
 11 

 Appendix A 
 Page 4 of 5 
 Contract Quantities 

This Appendix A is effective: from April 1, 2016 through March 31, 2017. 

Total Contract Quantity: 1.7 Bcf 

Maximum Storage Quantity (“MSQ”): 1.7 Bcf 
 Contract Injection Quantity (“CIQ”): 27,000 
 Contract Withdrawal Quantity
(“CWQ”): 35,000 
 Maximum Daily Injection Quantity (“MDIQ”): 

 

			
	 % MSQ
	 	MDIQ (Mcf/day)
		
	0%-55%	 	27,000
		
	55%-90%	 	17,820
		
	>90%	 	13,500

 Maximum Daily Withdrawal Quantity (“MDWQ”): 

 

			
	 % MSQ
	 	MDWQ (Mcf/day)
		
	100%-45%	 	35,000
		
	45%-20%	 	25,550
		
	<20%	 	19,600

  
 12 

 Appendix A 
 Page 5 of 5 
 Contract Quantities 

This Appendix A is effective: from April 1, 2017 through March 31, 2032. 

Total Contract Quantity: 1.6 Bcf 

Maximum Storage Quantity (“MSQ”): 1.6 Bcf 
 Contract Injection Quantity (“CIQ”): 27,000 
 Contract Withdrawal Quantity
(“CWQ”): 31,000 
 Maximum Daily Injection Quantity (“MDIQ”): 

 

			
	 % MSQ
	 	MDIQ (Mcf/day)
		
	0%-55%	 	27,000
		
	55%-90%	 	17,820
		
	>90%	 	13,500

 Maximum Daily Withdrawal Quantity (“MDWQ”): 

 

			
	 % MSQ
	 	MDWQ (Mcf/day)
		
	100%-45%	 	31,000
		
	45%-20%	 	22,630
		
	<20%	 	17,360

  
 13

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