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ENERGY ACQUISITION & MANAGEMENT SERVICES

Gas Supply Pre-Pay Projects

April 1999

The Tennergy Corporation issued $234,255,000 in municipal bonds for the purpose of financing the acquisition of a prepaid supply of natural gas to be delivered in specified quantities over a ten-year period from May, 1999 through April, 2009. The supply project included a gas purchase agreement with CMS Marketing, Services, and Trading Company to provide the gas and sales agreements with 17 publicly owned natural gas distributors located in West Tennessee and Kentucky. The project provided over $26MM in gas cost savings to the 17 participants over the life of the project.

March 2006

The Tennergy Corporation issued $746,230,000 in municipal bonds for the purpose of financing the acquisition of a prepaid supply of natural gas to be delivered in specified quantities over a ten-year period from April, 2006 through March 2016. The supply project included a gas purchase agreement with JPMorgan Ventures Energy Corporation to provide the gas and sales agreements with 26 public gas distribution systems located in Tennessee, Kentucky, Mississippi, Alabama, and Georgia. The project provided over $22MM in gas cost savings over the life of the project.