Natural Gas Swaps

The terms and conditions of the swaps incorporate by reference such credit and other terms as the parties may establish through their pre-existing bilateral agreement. The swaps have the following characteristics:
   
Contract Overview: An agreement to exchange a stream of cash flows by reference to the difference between a fixed rate and a floating rate or between two floating rates based on a specified notional amount over a specified term to maturity.
Trade Date: As agreed by the parties.
Effective Date: The date on which the calculation of accrued obligations under the contract.
Commodity: Natural Gas
Notional Amount: As agreed by the parties for each relevant commodity.
Settlement Dates: As agreed by the parties.
Termination Date: As agreed by the parties.
Fixed Price Payer: Party [A/B], if applicable.
Fixed Price: [currency] [amount in numerlas] [per units of commodity]
Floating Price Payer: Party [A/B], or both Party A and B, if applicable.
Floating Price: As agreed by the parties.
Pricing Differential: If applicable, as agreed by the parties.
Pricing Source: Natural Gas Intelligence, Canadian Gas Price Report, Inside FERC, or Platts/McGraw Hill, as determined by the parties.
Specified Delivery Point: If applicable, as agreed by the parties.
Pricing Date(s): If applicable, as agreed by the parties.
Method of Averaging: If applicable, as agreed by the parties.