SEC Contract Filing

Filing Date: 2016-02-18

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 11pt">Georgia Natural Gas Company<BR>
817 West Peachtree St. NW<BR>
Atlanta, Georgia 30308</FONT>

<P align="left" style="font-size: 11pt"><U>CONFIDENTIAL</U>

<P align="left" style="font-size: 11pt">February&nbsp;12, 2016

<P align="left" style="font-size: 11pt"><I>Via fax:</I>
<BR>
(704)&nbsp;731-4097

<P align="left" style="font-size: 11pt"><I>Via overnight delivery:</I>
<BR>
Piedmont Energy Company
<BR>
4720 Piedmont Row Drive
<BR>
Charlotte, North Carolina 28210
<BR>
Attn: Karl W. Newlin, Senior Vice President and Chief Financial Officer

<P align="left" style="font-size: 11pt; text-indent: 4%">Re: Letter Agreement

<P align="left" style="font-size: 11pt">Dear Karl:

<P align="left" style="font-size: 11pt; text-indent: 4%">This letter sets forth our mutual agreement to the matters set forth in the attached Term
Sheet. By this letter we both confirm that we have agreed to the matters set forth in the Term
Sheet as described therein and agree to be bound thereby. Please acknowledge your agreement by
countersigning where indicated below.

<P align="left" style="font-size: 11pt">Sincerely yours,

<P align="left" style="font-size: 11pt">GEORGIA NATURAL GAS COMPANY

<P align="left" style="font-size: 11pt">By: /s/ Andrew W. Evans<BR>
Andrew W. Evans<BR>
President and COO<BR>

<P align="left" style="font-size: 11pt">Acknowledged and Agreed:

<P align="left" style="font-size: 11pt">PIEDMONT ENERGY COMPANY

<P align="left" style="font-size: 11pt">By: /s/ Karl W. Newlin</FONT><BR>
<FONT style="font-size: 12pt">Name: Karl W. Newlin<BR>
Title: Senior Vice President<BR>
</FONT>

<P align="center" style="font-size: 12pt"><FONT style="font-size: 11.5pt"><B>Term Sheet Between<BR>
Georgia Natural Gas Company<BR>
And<BR>
Piedmont Energy Company<BR>
Regarding GNGC&#146;s Proposed Purchase of Piedmont&#146;s Interest in<BR>
SouthStar Energy Services LLC</B></FONT>

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 <TD align="right" valign="top"><FONT style="font-size: 11pt">1.</FONT></TD>
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 <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11pt">Georgia Natural Gas Company, a Georgia corporation (&#147;GNGC&#148;) and Piedmont Energy Company, a North Carolina corporation (&#147;Piedmont&#148;).</FONT></DIV></TD>
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 <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11pt">Pursuant to that Second Amended and Restated Limited Liability Company Agreement of SouthStar Energy Services LLC (&#147;SouthStar&#148;) dated as of September&nbsp;1, 2013 (the &#147;LLC Agreement&#148;), GNGC has elected under Section&nbsp;12.5(a)(2) to purchase from Piedmont its 15%<BR>
interest in SouthStar (the &#147;Transaction&#148;).<BR>
In accordanc