54-4-39 - Natural gas derived from new technologies -- Long-term contracts.
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 nogreater than 10 years in duration.
(c) "Oil shale" means a group of fine black to dark brown shales containing bituminousmaterial that yields petroleum upon distillation.
(d) "Tar sands" means impregnated sands that yield mixtures of liquid hydrocarbon andrequire further processing other than mechanical blending before becoming finished petroleumproducts.
(2) The commission shall approve a long-term contract for the sale of natural gas derivedfrom coal-to-liquid, oil shale, or tar sands technology to a utility if the commission considers thecontract prudent.
Enacted by Chapter 346, 2006 General Session