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FEB-18-2002 MON 03:61 PM PSNC ENERGY MKTG FAX NO. 7048346556 P, 02 <br /> <br /> ERGY. <br /> <br />A $CANA COMPANY <br /> <br />February lS, 2002 <br /> <br />Mr. Frank Clifton <br />Managcr--Cabarrus County <br />Concord, North Carolina 28026 <br /> <br />Dear Mr. Clifton: <br /> <br /> Subject to final agreements with Cabarrus County on flee matters listed below, <br />PSNC Energy intends to install natural gas lines and facilities to serve your planned arena <br />and exhibition btfildings. <br /> <br /> As we have discussed with you. the net cogt to PSNC Energy to make <br />installation exceeds $176,000. Under normal circumstances, we would deem this to bc <br />an economically unfeasible project. But, as the build/rig is to be owned and operated by <br />the county and a~ there m'c to bc additional county buildings constructed on mid adjacent <br />to the arena property, we would like to make the investment contingent upon the <br />tbllowing: <br /> <br />Your mechanical contractor and mcchanical cnginccr have provided PSNC <br />Energy with a list of gas equipment and the estimates of usage of that <br />equipment. You agree that, as a minimum, the equipment will be installed <br />'when' the arena/exhibition area opens and will be in use as described for ten <br />(10) years from the opening date et'thc facility, and Cabarrus County agrees to <br />purcha,~e natural 8as. fi'om PSNC Energy for ten years fi'om tho opening date of <br />the facility, unless the North Carolina Utilities Commission alters the terms of <br />such service. <br /> <br /> Thank you for your interest in natural gas, and PSNC Energy looks forward to having <br />the arena as a customer in the fall of 2002. <br /> <br />Sincerely, <br /> <br />Jerry W. Richm'dson <br />Vice President <br /> <br />PSNC Energy I BO0 Gaston Road - Post Office 9ox 1398 - Gastonia, Hollll Carolina · 280:S3-1396 .¥ [704) 864.6731. www. pmcenergy, cm <br /> <br /> <br />