NAC704.968. Plan for supply of gas; long-term arrangements for supply, storage and transportation of gas.

     1. The informational report must include the utility’s plan for the supply of gas which must include, without limitation, a discussion of the strategies which the utility intends to implement for its supply of gas, including, without limitation, a discussion of:

     (a) The criteria used in determining the level and mix of the supply of gas planned;

     (b) The criteria used to select the sources of the supply of gas and an assessment of the reliability of each of the sources of the supply of gas;

     (c) Strategies for minimizing the cost, minimizing the retail price volatility and maximizing the reliability of the gas that the utility intends to employ for its supply of gas; and

     (d) The procedures for curtailment which will be utilized if the supply or facilities are inadequate.

     2. The informational report must list each existing and planned long-term arrangement for the supply, storage and transportation of gas.

     3. As used in this section, “long-term arrangement” means an agreement with a duration of 3 years or more and includes, without limitation:

     (a) Supply contracts;

     (b) Agreements for hedging the price of gas;

     (c) Agreements that involve production wells or inground reserves owned by the utility which are intended to be used as a source of supply;

     (d) Transportation agreements;

     (e) Storage agreements; and

     (f) Any other long-term arrangement that the utility determines should be considered.

     (Added to NAC by Pub. Service Comm’n, eff. 4-18-90; A by Pub. Utilities Comm’n by R150-06, 3-23-2007)