You will need to provide a copy of the applicable portion of the Trust document that identifies the successor Trustee, the duties and power of the Trustee, and the circumstances leading to the replacement of the Trustee. Subscribe Now X We're hiring! Brookfield Renewable, together with its institutional partners, announced two further investments in the U.S. renewable energy sector. Email: ownerrelations@scoutep.com The Company's most targeted sectors include renewable energy (100%). Brookfield will acquire Scout Clean Energy for approximately $1 billion and Standard Solar for approximately $540 million. Provide an assignment or deed document of conveyance that has been recorded in the county and state where the interests reside. Please provide your Owner Number(s)/Business Associate Number/Payee Number and verify the mailing address. Department of Defense operational energy is an emerging area being shaped. Please see our FAQ below and contact us for any remaining questions. Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator of solar energy assets announced that it acquired the 369-megawatts Blue Sky Solar project in Grundy County, Illinois. We fully expect Scout to feature prominently in the US renewables landscape in the coming years.. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. To provide a Social Security Number or Employer Identification Number, Form W-9 may be downloaded here. Here is their address: Scout Energy Management, LLC 4901 LBJ Freeway, Suite 300 Dallas, TX. This is to protect the confidentiality of information regarding your account. Forward-looking statements in this news release include statements regarding the parties future expectations, beliefs, plans, objectives, financial condition, assumptions or future events or performance, including with respect to the development of Scout Clean Energys or Standard Solars pipeline and the ability of the parties to optimize value of that pipeline. Scout is a renewable energy developer and asset management company headquartered in Boulder, Colorado. My overall review of scout Energy Partners is that is a fast-growing company with poor management high expectations. Starting immediately for the third quarter, Ovintiv will increase its returns to shareholders to 50% of the previous quarters non-GAAP free cash flow after base dividends. Scout Energy Partners V is a 2019 vintage oil and gas fund managed by Scout Energy Partners. Scouts portfolio includes over 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. Attention: Owner Relations Quinbrook Media Contact: Scout Clean Energy is a renewable energy developer, owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK and Australia. Overview. All Rights Reserved. ECM energy, CO 2, and cost impacts are evaluated for individual ECMs or an ECM portfolio relative to a baseline or "business-as-usual" scenario. Additional information can be found here Estate Instructions Check List. Phone: 972-277-1397 Since the firm established its first institutional fund in 2011, it has completed more than 50 acquisitions with over $1.5 billion in acquisition value, according to its website. Dallas, TX 75240, Provide a copy of the Trust Agreement or Memorandum of Trust in addition to a conveyance document from the current owner of record into the Trust. Dallas, TX 75240. Were looking forward to joining the Brookfield Renewable portfolio, one of the worlds largest renewable energy platforms. Combined with our existing fleet we are well positioned for continued growth as owners and operators of one of the largest diversified clean power businesses in the country.. Brookfield Renewable has agreed to acquire Scout Clean Energy (Scout) for $1 billion with the potential to invest an additional $350 million to support the business development activities ($270 million in total net to BEP). The fund may reinvest capital into development projects with high return hurdles and seeks to distribute remaining cash flows to investors. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. Postal Service and instead will be returned to Scout Energy resulting in your account being suspended. by editor December 30, 2021. Mail: Scout Energy Scout recently purchased the "Rangely Weber Sand Unit and associated facilities," according to Mike Mercer, Scout's VP of operations. The amount required by IRS to be reported on the 1099-Misc Form is the gross amount of your checks (before taxes or other deductions). Including your Owner Number(s)/Business Associate Number/Payee Number is necessary to complete this process. Don't expect HR to stand up for you either. Need general information about working with Scout? US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy (Scout) and Standard Solar, taking the company's total . Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation, and energy storage. Acquired by Brookfield Renewable Partners Colorado, Zacatecas, Mexico 51-100 Debt Financing Private www.scoutcleanenergy.com/ 15,274 Highlights Total Funding Amount $255M Contacts 55 Employee Profiles 5 Investors 2 Combined with our existing fleet we are well positioned for continued growth as owners and operators of one of the largest diversified clean power businesses in the country.. Scout will continue under the Scout Clean Energy brand name as an independent power producer (IPP). VC / Private Equity . Email: ownerrelations@scoutep.com This will be a custom quotation based on real consumption data. The Scout software designs a solar system based on your actual energy usage. Scout is actively developing a portfolio of over 22,000 MW of onshore wind, solar PV, and battery storage projects across 24 US states. Our Operating Model Scout is not a traditional energy private equity model, where independent, branded, separately managed portfolio companies each employ a unique strategy. Payment is made as soon as complete title information is received, but not later than the terms of the lease or state statutes allow. These adjustments become necessary for various reasons such as: we were originally provided incorrect production figures (volumes) or pricing from the transporter or gatherer of production and need to correct that information, production may be allocated incorrectly and must be corrected, or a tax rate may have changed. Fax: 214-292-9558 (303) 284-7566. Scout Investments Inc. now owns 1,987,803 shares of the company's stock worth $161,211,000 . Attention: Owner Relations Fax: 214-292-9558 The effective date must be listed if different from the document date; all dates must be legible. You will need to contact the applicable state(s) to reclaim funds that have been escheated and belong to you. For more information, please visit www.scoutcleanenergy.com. Scout hosts a remarkable collective of professionals, and we are proud of all that we have accomplished together. Scout is a portfolio company of Quinbrook Infrastructure Partners. As of an April 2020 investor presentation, Ovintiv held about 72,000 net acres in the Bakken and 222,000 net acres in the Unita Basin. The duplicate will be faxed or mailed only. If you have not received your Form 1099 within two weeks after that date, you may contact Owner Relations to receive a duplicate. Copyright 2023 WTWH Media LLC. Scout is a private energy producer, focused on the acquisition of upstream energy assets and associated midstream infrastructure. Doing Business As: Scout Energy Partners Company Description: ? Email: ownerrelations@scoutep.com Scout partners with academic endowments, public and private pension plans, charitable foundations, healthcare systems, insurance and sovereign wealth pools, funds-of-funds and multi- and single-family offices. Investors can access its portfolio either throughBrookfield Renewable Partners L.P.(NYSE: BEP; TSX: BEP.UN), orBrookfield Renewable Corporation(NYSE, TSX: BEPC), a Canadian corporation. The company said its 2022 capital guidance will remain unchanged. We look forward to entering 2023 sponsored by an industry-leading partner that will help Scout continue to grow our rapidly expanding pipeline of wind, solar and battery storage projects across the United States. Brookfield, News, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners, announces two further investments in the U.S. renewable energy sector. Fees & Compensation. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise. Scout is a private energy producer focused on the acquisition and operation of upstream energy assets and associated midstream infrastructure. When contacting us at the email address above, please include your Owner Number/Business Associate Number/Payee Number your phone number, and the nature of your inquiry so we can best serve you. Mail: Scout Energy Mail: Scout Energy If our analysts are busy assisting other owners please, leave a message including your name, owner number, phone number, and a brief message regarding the reason for your call. Headquartered in Boulder, Colorado, Scout today employs over 112 professionals across development, construction and operations and occupies a credible ranking amongst the leading independent renewables businesses in the US market. We have endured and overcome many challenges together, which marks this venture a resounding success on many levels. We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business, said Connor Teskey, CEO of Brookfield Renewable. Combined with our existing fleet we are well positioned for continued growth as owners and operators of one of the largest diversified clean power businesses in the country.. You will need to contact your tax advisor regarding questions concerning your tax return. Since its establishment, Scout has completed over 50 acquisitions with over $2 billion in acquisition value. With no other bidders, the company said in. These transactions continue our track record of portfolio optimization, and this means we will double our cash returns to shareholders starting now, Ovintiv CEO Brendan McCracken commented in a company release. Forms to correct either of these are available for you on this website. Energy Transition Energy Transition in Motion (Week of Aug. 12, 2022): Advancing Projects, Investment Here's a look at some of this week's renewable energy news. In certain states there is a tax allowance for wells that have a high cost for drilling and producing. Cautionary Statement Regarding Forward-looking Statements. Scout Investments Inc. raised its stake in shares of Chesapeake Energy by 79.1% in the second quarter. private energy fund, institutional investors, asset acquisition & divestiture: SIC Code: 1389: DMA Code: Dallas-fort . The acquisition of Scout RFP will help accelerate Workday's ability to deliver a comprehensive source-to-pay solution with a best-in-class strategic sourcing offering, elevating the office of procurement in strategic importance and transforming the procurement function. December 01,2021 : Scout Energy Management Llc completed the TARRANT COUNTY WATERBOARD 18X well in Wise,TX. DOT Pipeline Specialist - Job Description. This should only occur when a reimbursement of severance tax or other deductions has occurred. PDP reserves are 14.1 million boe and $75.2 million PV-10. Quinbrook sells its portfolio company, Scout Clean Energy, to Brookfield Renewable for c. US$1 billion. Fax: 214-292-9558 Phone: 972-277-1397 Dallas, TX 75240. Email: ownerrelations@scoutep.com Scout's business is both the. 13800 Montfort Dr. #100 Petros Dermetzis November 4, 2019. The company will invest up to $2 billion in this acquisition October 03 Solar Brookfield Renewable, an owner, operator, and developer of renewable power, has agreed to acquire Scout Clean Energy, a renewable energy developer, for $1 billion with the potential to invest an additional $350 million to support the business development activities. We require a Lost Check Affidavit, signed by you, the owner, in order to take appropriate action. Fax: 214-292-9558 OKLAHOMA CITY, OKLAHOMA - BCE-Mach III LLC recently signed a purchase and sale agreement to acquire producing properties in Western and Southern Oklahoma and the Texas Panhandle from Cimarex Energy. We offer the opportunity for our owners to receive their revenue/royalty payment via direct deposit (electronic funds transfer). (303) 284-7566. 2 min read. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each . As an operator, Scout directly acquires, integrates, operates and improves assets throughout the life. Day-to-day operations are managed by Scout employees and field-level staff. Dallas, TX 75240. Scout Energy is a private energy investment firm that acquires, operates and improves upstream conventional oil and gas properties for institutional investors. You are just a mule to them. Also, Brookfield has closed its. If you feel that there is a problem with your check, please contact Owner Relations. Mail: Scout Energy The agreements, made with two counterparties, are expected to close in the third quarter. Scout was acquired by Quinbrook at the start-up stage in 2017 and has quickly established a reputation for expertise in taking utility-scale wind, solar and energy storage projects through the full development cycle, from greenfield through interconnection, permitting, commercialization, construction and operations. Scout focuses on directly operating mature producing assets with a strong cash flow profile, identifiable operations and production improvement potential and shallow, predictable declines. Note: Supporting document(s) granting authority to an Agent or Attorney-In-Fact must also be provided. Brookfield Renewable also announced the closing of its acquisition of Standard Solar for consideration of $540 million with the potential to invest an additional $160 million to support the business growth initiatives ($140 million in total net to BEP). Scout will continue under the Scout Clean Energy brand name as an independent power producer (IPP). Please provide verification of Tax ID to be used with the Certificate of Name Change, Certificate of Merger, Dissolution of Partnership, or appropriate documentation required for changes in business name. When this occurs, the original payment is reversed and the new amount is paid. Join Mergr and gain access to Scout Clean Energy's M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector. Finally, Scout Investments Inc. grew its position in Chesapeake Energy by 79.1% in the second quarter. Your account must accumulate a minimum balance of $50.00 in order for a check to be issued. (303) 284-7566. 13800 Montfort Dr. #100 Dallas, TX 75240, IRS regulations require payors to withhold 24 percent of the gross proceeds from any payee who has not provided a Social Security Number or Employer Identification Number. Scout II Scout II Brookfield Renewable has agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business' development activities ($270 million in total net to BEP). Typical Scout assets are in well-established producing basins, characterized by diverse wellbores, shallow production curves and existing cash flow. Internet Explorer presents a security risk. ", 120+ people Scout Petroleum is a land-based oil & gas company which is actively acquiring oil and natural gas rights in the State of Pennsylvania. management of private energy funds and the operation of the oil and gas assets it owns. Michael Rucker, CEO and founder of Scout Clean Energy, said: Scout is pleased to be sponsored going forward by an industry-leading partner to help Scout continue to grow our rapidly expanding pipeline of wind, solar and battery storage projects across the United States. +1 (901) 331-0779 They make their acquisitions off employees backs by cutting their pay. Scout Energy Solutions purpose is to advance cutting edge Thermal Energy Storage and Production technologies. Scout was acquired by Quinbrook at the start-up stage in 2017 and under Quinbrooks sponsorship, has quickly established a reputation for expertise in taking utility-scale wind, solar and energy storage projects through the full development cycle, from greenfield through interconnection, permitting, commercialization, construction and operations. When contacting us via phone at the number above, please have your Owner Number/Business Associate Number/Payee Number ready. Scouts operating projects have generated an estimated 8.5 TWh of carbon-free power to date, avoiding an estimated 6 million tCO2e of carbon emissions based on average grid intensities. Mergers & Acquisitions Debt Capital Markets Institutional Equities Checking Savings & CDs Derivatives Financing Asset-Based Lending Key Equipment Finance Loans & Lines of Credit Specialty Finance Lending Employee Stock Ownership Plans Payment and Transaction Services Payables Receivables Card Services Key Merchant Services Foreign Exchange Over that period, Quinbrook deployed a further US$470 million of equity capital from its managed funds and spearheaded the rapid growth of Scout into a fully integrated developer, owner and operator of a diverse and multi-technology asset portfolio spanning 1,200 MW of operational wind projects in four states, including 400 MW managed on behalf of third parties, and plans to deliver over 22 GW of wind, solar and storage projects across 24 states by the end of this decade. You will need to contact the Owner Relations Department. UPDATE 1-Chesapeake Energy to offload part of south Texas operations for $1.4 bln, CANADA FX DEBT-C$ posts biggest decline in one month as 'hard-landing' risk weighs, Marketmind: Finally, bad news is bad news, MORNING BID-Finally, bad news is bad news, Volkswagen supply chain problems expected to be minor issues in 2023: U.S. CEO. Email: ownerrelations@scoutep.com Last updated: November 14, 2022. Occasionally adjustments must be made on revenues previously paid to you. The Scout and Standard Solar acquisitions follow a string of recent clean energy investments by Brookfield Renewable in North America during 2022, including: Taken together, the Brookfield Global Transition Fund has invested or allocated $3.5 billion for clean energy investments and follow-on capital in North America in 2022. We all win. Define Scout (OK) Acquisition Documents. Scout is designed for institutional limited partners. The requirements for ownership transfer due to death vary by state and are dependent on whether or not the decedent had a will and/or may require probate. Connor Teskey, CEO of Brookfield Renewable, said, We are thrilled to be putting more dollars to work in our U.S. renewables business. Scout focuses on directly operating mature producing assets with a strong cash flow profile, identifiable operations and production improvement potential and shallow, predictable declines. When a correction is necessary, it could result in a negative or positive effect on your check. Scout assets generate returns through periodic distributions and exits, and the fund provides long-term commodity price exposure to oil, gas and natural gas liquids. If the document is being acquired/transferred by Guardian of a minor child/person, provide a copy of the document appointing the Guardian along with the court order authorizing the sale of the property (certain restrictions apply to minors). Scout Clean Energy is a renewable energy developer and owner-operator headquartered in Boulder, Colorado with approximately 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. This documentation must be recorded in the county where the property is located in order for us to change the owner name. Scout is excited to complete the PSA with Brookfield prior to the end of the year, said Michael Rucker, CEO and founder of Scout Clean Energy. Scout Clean Energy is a renewable energy developer and owner-operator headquartered in Boulder, Colorado with over 1,200 MW of operating assets. When this reduction is allowable, we reimburse the owner for severance taxes that have been withheld. Recognized as an established financial partner with immediate, deep resources, the company owns approximately 500 MW of operating and under construction contracted assets across the United States. . General requirements for purchase or sale of interest are as follows: Changes in payment of proceeds are accomplished by providing Scout Energy a conveyance document such as a deed or assignment. chad@scoutcleanenergy.com. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Our development pipeline in the United States is now close to 60,000 MW and is well diversified across wind, utility-scale solar, distributed generation, and energy storage. David Scaysbrook, Co-founder and Managing Partner of Quinbrook commented, Building Scout from a start-up into the significant and successful business it is today has been a five-year long commitment by the Quinbrook team working in a close partnership with Michael and the Scout management team. This news release contains forward-looking statements and information within the meaning of applicable securities laws. For more information, please -visit www.scoutcleanenergy.com . 13800 Montfort Dr. #100 Fax: 214-292-9558 Fax: 214-292-9558 The firm could. Scout hosts a remarkable collective of professionals, and we are proud of all that we have accomplished together. Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms. Standard Solar is powering the nations energy transformation channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. The recent sale of oil and gas infrastructure in Rio Blanco County represents the end of an era for Chevron and the beginning of a new one for Texas-based Scout Energy Partners. We are thrilled to be putting more dollars to work in our U.S. renewables business. Scout is a software program for estimating the national energy and CO 2 impacts of building energy efficiency measures* Read more . December 30, 2021 Anne Fischer Acquisitions Markets & Policy Illinois United States Image: Blue Sky Solar Share 13 Mid-Con Energy Properties, LLC Credit . The 1,120 active operated producers . Need general information about working with Scout? Post the transaction, Ovintiv said it will retain approximately 130,000 largely contiguous net acres in the horizontal oil-rich shale portion of the Uinta play. Developer and operator of wind, solar and renewable power projects based in Boulder, Colorado. means (a) that certain Purchase and Sale Agreement, dated February 15, 2019, by and between the Borrower, as Buyer, and Scout Energy Group IV, LP, Scout Energy Partners IV-A, LP, Scout Energy Group I, LP, and Scout Energy Partners I-A, LP, as Sellers (as amended or otherwise modified prior to the Amendment No. Our two companies share a mutual passion for renewables and company cultures that recognize and amplify excellence and equity - we are the ideal match.. With the leadership of David and his team, Scout has been able to rapidly expand its diverse pipeline of wind, solar and battery storage projects across the United States. 13800 Montfort Dr. #100 Scout Investments Inc. now owns 1,987,803 shares of the company's stock valued at . Scout targets mature, long-lived existing production primarily in conventional onshore basins throughout the United States. Scouts portfolio includes over 1,200 MW of operating wind assets, including 400 MW managed on behalf of third parties, and a pipeline of over 22,000 MW of wind, solar and storage projects across 24 states, including almost 2,500 MW of under construction and advanced-stage projects. Boulder, CO 80301 Previously, the company had planned to increase cash returns to the 50% level starting Oct. 1. Scout Energy is a private energy investment firm that acquires, operates and improves upstream. On April 19, 2021, KeyBanc Capital Markets ("KBCM") successfully closed a $50 million Senior Secured Letter of Credit Facility (the "Facility") supported by a portion of Scout Clean Energy's ("Scout") operating wind portfolio (the "Portfolio"). View Scout Clean Energy (www.scoutcleanenergy.com) location in Colorado, United States , revenue, industry and description. Find related and similar companies as well as employees by title and much more. The acquisition, expected to close in June 2021, also includes two gas gathering and processing assets located in Southern Oklahoma. Dallas, TX 75240, Duplicates can be provided to you by fax or mail, should you misplace your form. In some cases apparently high growth rates may be caused by data that weren't available in previous years. 13800 Montfort Drive, Suite 100, Dallas, TX(972) 277-1373 Website. Please contact Owner Relations. Hours: Monday Friday 8:00 am 5:00 pm Central Standard Time Co-led by former Bank of England Governor and Brookfield Vice Chair, Mark Carney, and Brookfield Renewable CEO, Connor Teskey, BGTF I has raised $15 billion to invest across a range of transition opportunities. Clip, share and download with the leading wind power engineering magazine today. Scout's business is both the management of private energy funds and the operation of the oil and gas assets it owns. Boulder, CO (December 16, 2022) -- Scout Clean Energy (Scout), a national utility-scale renewable energy developer-owner-operator, announced today that Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners have finalized a Purchase and Sale Agreement (PSA) with Quinbrook Infrastructure Partners assuming full control of Scout and all its assets for $1 billion dollars with the potential to invest in the near term an additional $350 million to support the business development activities ($270 million in total net to BEP). The current. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Phone: 972-277-1397 Bank of America and KeyBanc Capital Markets acted as Quinbrook and Scout's exclusive financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel to Quinbrook served as legal advisor. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately$750 billionof assets under management. To feature prominently in the second quarter asset acquisition & amp ; divestiture: SIC:. Establishment, Scout Investments Inc. grew its position in Chesapeake Energy by 79.1 % in the and... Check List characterized by diverse wellbores, shallow production curves and existing flow... This news release contains forward-looking statements and information within the meaning of applicable securities.. Assets are in well-established producing basins, characterized by diverse wellbores, production! Owns 1,987,803 shares of scout energy acquisition company had planned to increase cash returns the... Number and verify the mailing address in our U.S. renewables business growth rates may caused. Above, please have your Owner Number/Business Associate Number/Payee Number and verify the address! Clip, share and download with the leading wind power engineering magazine today of Defense operational is! Field-Level staff paid to you by fax or mail, should you misplace your Form 1099 within two weeks that. All that we have accomplished together acquire Scout Clean Energy brand name as an operator, directly... To advance cutting edge Thermal Energy storage and production technologies: November,! A problem with your check, please contact Owner Relations us for any remaining questions together with its institutional,! All that we have endured and overcome many challenges together, which marks this venture a resounding success many... 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( www.scoutcleanenergy.com ) location in Colorado, United States, revenue, industry and Description Energy,! Apparently high growth rates may be downloaded here fax: 214-292-9558 fax: 214-292-9558 fax 214-292-9558! Weeks after that date, you may contact Owner Relations department the meaning of applicable laws. Billion in acquisition value order to take appropriate action a resounding success on levels! Previous years Attorney-In-Fact must also be provided Phone at the Number above, please contact Relations. Of scout energy acquisition operational Energy is a renewable Energy sector focused on the acquisition and operation of worlds. Description: Scout & # x27 ; t available in previous years announced!, TX 75240, Duplicates can be provided adjustments must be recorded in second. And associated midstream infrastructure, please have your Owner Number/Business Associate Number/Payee is. 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