City of Westlake Resolution 3796 Gas Purchase
Westlake okays NAESB gas resale contract with Phillips 66
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Description
The City of Westlake authorized a NAESB Contract with Phillips 66 Company to resell natural gas acquired from LMGA to Phillips 66’s Westlake plant under a long‑term requirements agreement. This downstream contract supports the prepaid gas bond financing structure used by The Black Belt Energy Gas District.
Contract Details
Vendor
PHILLIPS 66 COMPANY
Agency
City of Westlake, LA
Contract Type
UTILITIES
Document Date
April 20, 2026
Contract Term
Beginning [_____ ] 1, 2026 through [term specified in NAESB Contract]
Renewal Info
Term aligns with the Gas Sales Contract and may be extended or succeeded by a replacement NAESB Contract; any amendment, modification, or assignment requires LMGA’s prior written consent because the contract and its payment stream are pledged as collateral for the bonds.
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