RGC RESOURCES, INC. (NASDAQ:RGCO) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01.ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On March 23, 2018, Roanoke Gas Company (“Roanoke”), the utility subsidiary of RGC Resources, Inc. (“Resources”), entered into a Natural Gas Asset Management Agreement with Sequent Energy Management, L.P. ("Sequent"), effective as of April 1, 2018. This new agreement replaces the expiring Asset Management Agreement with Sequent and provides for the continued management of Roanoke's firm interstate pipeline transportation and storage agreements for the three year period ended March 31, 2021.

On March 26, 2018, Resources entered into a Guaranty in favor of Sequent for the timely payment of the obligations originating out of the Natural Gas Asset Management Agreement with Roanoke. The Guaranty will remain in force until the expiration of the Natural Gas Asset Management Agreement.

ITEM 9.01.FINANCIAL STATEMENT AND EXHIBITS.

(d)Exhibits.

* Schedules and other attachments to this agreement, which are listed on its List of Exhibits following the page, are not included with this filing. The Registrant hereby undertakes and agrees to furnish supplementally a copy of any such schedule or attachment or exhibit to the Securities and Exchange Commission upon request.

RGC RESOURCES INC Exhibit
EX-10.1 2 ex101assetmanagemtagrmt2018.htm EXHIBIT 10.1 Exhibit Exhibit 10.1NATURAL GAS ASSET MANAGEMENT AGREEMENT BETWEEN ROANOKE GAS COMPANY AND SEQUENT ENERGY MANAGEMENT,…
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About RGC RESOURCES, INC. (NASDAQ:RGCO)

RGC Resources, Inc. (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary. Roanoke Gas also provides certain non-regulated services. It maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial and industrial users in its service territory. As of September 30, 2016, Resources had approximately 1,132 miles of transmission and distribution pipeline. As of September 30, 2016, Roanoke Gas owned and operated eight metering stations. It also owns a liquefied natural gas storage facility located in Botetourt County that has the capacity to store up to 220,000 dekatherm (DTH) of natural gas. The Company’s subsidiaries also include Diversified Energy Company and RGC Midstream, LLC.

RGC RESOURCES, INC. (NASDAQ:RGCO) Recent Trading Information

RGC RESOURCES, INC. (NASDAQ:RGCO) closed its last trading session down -1.10 at 23.85 with shares trading hands.