HomeMy WebLinkAbout15 Natural Gas Master Agreement with UAMPS
Action Item # 15 December 7, 2011 Agreement with UAMPSNatural Gas Generation Master
Natural Gas Generation Master 2 plant within the Payson Project along with the operation of the The purchase and hedging of natural gas has been included •2008The District has participated
in the Payson Project since •Background / History Agreement with UAMPS
New Information Agreement with UAMPSNatural Gas Generation Master 3 gasFlexibility to engage in a program to store or hedge natural –Ability to purchase and sell natural gas–additional
capabilityBy joining the Natural Gas Project the District gains •procurement for the Payson Project The District and UAMPS still need to manage natural gas •UAMPS from the Payson Project
to the Natural Gas ProjectThe purchase and sale of natural gas is being moved within •Natural Gas Project Master Agreement
New Information Agreement with UAMPSNatural Gas Generation Master 4 approximate the price of any index based transactionForward curve, as of the date of any confirmation, shall be used
to –exceed $10/MMBTUAt the time of execution, the expected average price shall not –Term of purchase of prepaid gas may not exceed thirty years–such confirmation is for the Term of
any transaction may not exceed ten years unless –280,000 MMBTU in any calendar yearGas purchased under all confirmations may not exceed –the following limitations:representative to
enter into one or more confirmations with A resolution is required to authorize the UAMPS •
Fiscal Impact Agreement with UAMPSNatural Gas Generation Master 5 responsible mannerEnables the District to manage in an effective, efficient and fiscally –natural gas and reduce volatilityTransactio
ns will enable the District to manage the costs of and approving the resolution Authorizing Natural Gas Entering into the UAMPS Natural Gas Master Agreement •
Recommendation Agreement with UAMPSNatural Gas Generation Master 6 XX Authorizing Natural Gas Transactions-2011b) Authorize the Board President to sign the Resolution No. Utility DistrictMunicipal
Power Systems and Truckee Donner Public Project Master Agreement between Utah Associated Authorize the Board President to execute the Natural Gas a)