54-4-39. Natural gas derived from new technologies -- Long-term contracts.
(1) As used in this section:
(a) "Coal-to-liquid" means the process of converting coal into a liquid synthetic fuel.
(b) "Long-term contract" means a contract greater than five years in duration, but no
greater than ten years in duration.
(c) "Oil shale" means a group of fine black to dark brown shales containing bituminous
material that yields petroleum upon distillation.
(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.
Enacted by Chapter 346, 2006 General Session
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Last revised: Thursday, May 28, 2009