Utah Code 54-4-39. Natural gas derived from new technologies — Long-term contracts
Current as of: 2024 | Check for updates
|
Other versions
(1) As used in this section:
Terms Used In Utah Code 54-4-39
- Commission: means the Public Service Commission. See Utah Code 54-2-1
- Contract: A legal written agreement that becomes binding when signed.
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
(1)(a) “Coal-to-liquid” means the process of converting coal into a liquid synthetic fuel.
(1)(b) “Long-term contract” means a contract greater than five years in duration, but no greater than 10 years in duration.
(1)(c) “Oil shale” means a group of fine black to dark brown shales containing bituminous material that yields petroleum upon distillation.
(1)(d) “Tar sands” means impregnated sands that yield mixtures of liquid hydrocarbon and require further processing other than mechanical blending before becoming finished petroleum products.
(2) The commission shall approve a long-term contract for the sale of natural gas derived from coal-to-liquid, oil shale, or tar sands technology to a utility if the commission considers the contract prudent.