Enspire Energy on Tuesday said it had been awarded a gas supply contract by the U.S. General Services Administration that will generate an estimated $10 million for the Annapolis, Maryland-based marketer.

Under the deal, Enspire Energy will supply nearly 1 Bcf of gas starting in June to the Architect of the Capitol in Washington and GSA’s White Oak facility in Silver Spring, Maryland. Both facilities are in Washington Gas Light’s territory.

Enspire was able to offer supply for about 14.5% less than May contract rates for the utility, said Jim Lukas, the company’s president and CEO. Lukas added that since Washington Gas’ rates are computed on a month-to-month basis, “it’s tough to say whether that savings will be consistent.” However, “the fixed price for a year gives GSA the advantage of knowing what their price is going to be,” he said.

Published in Gas Daily on May 24, 2006
Reprinted with Permission from Platts