ENER » Topics » Purchase Commitment

This excerpt taken from the ENER 10-Q filed Feb 7, 2008.
Purchase Commitment. In December 2007, the Company entered into a gas purchase agreement totaling $8,458,000 for certain of its facilities. The agreements are effective through December 2008. The agreements require the Company to purchase a committed amount of germane gas at a monthly fixed price, which the Company believes it will consume in its normal course of operations during the period January through October 2008.

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