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 10 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