73-28-203 - Development of hydroelectric generating works -- Electricity offered to public utilities or municipalities.
73-28-203. Development of hydroelectric generating works -- Electricity offered topublic utilities or municipalities.
(1) The board may construct and own hydroelectric generating works and incidentalelectrical facilities in association with the project.
(2) (a) Except for electricity needed for project operations, the board shall first offer tosell electricity derived from any hydroelectric generating works owned by it to public utilities ormunicipalities providing electricity to consumers in Utah.
(b) The board, in consultation with the committee and in accordance with Section73-28-403, shall establish the prices at which the electricity is sold.
(3) In accordance with Section 51-4-1, the board shall deposit:
(a) revenues received from the sale of electricity designated for the repayment ofpreconstruction and construction costs and interest into the Water Resources Conservation andDevelopment Fund;
(b) revenues received from the sale of electricity designated for project operation,maintenance, repair, and replacement costs into the Lake Powell Pipeline Project Operation andMaintenance Fund; and
(c) any additional revenues received from the sale of electricity into the Water ResourcesConservation and Development Fund.
Enacted by Chapter 216, 2006 General Session