Utah Code Title 79. Natural Resources § 79-6-406. Authority to study transportation, heating, and electricity-generating fuel storage reserve

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) As used in this section, “energy fuel” means transportation, heating, and electricity-generating fuels used in the state.

(2) The office shall conduct a study analyzing the potential benefits, risks, feasibility, and requirements of establishing a Utah transportation, heating, and electricity-generating fuel storage reserve.

(3) A study conducted under this section shall evaluate:

(a) current and predicted energy fuel consumption patterns and needs for the state;

(b) existing energy fuel infrastructure in the state, including refineries, powerplants, pipelines, railroads, transmission lines, and storage facilities;

(d) impacts on energy fuel availability from natural disasters, accidents, or other causes;

(e) feasibility of storage options to mitigate supply risks, including:

(i) optimal locations, including salt caverns located in the state;

(ii) ownership structures;

(iii) inventory management;

(iv) strategies for prioritizing fuel supplies in emergency situations;

(v) accessibility protocols; and

(vi) funding mechanisms;

(f) opportunities to work with industry to serve strategic initiatives and critical needs; and

(g) economic modeling to analyze required state energy fuel reserve sizes and costs.

(4) In conducting a study under this section, the office may:

(a) contract with independent experts and consultants; and

(b) coordinate with private industry and others with relevant expertise.

(5) The office shall present a status update on the study in a report to the Public Utilities, Energy, and Technology Interim Committee by November 30, 2024.

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Cite this article: FindLaw.com - Utah Code Title 79. Natural Resources § 79-6-406. Authority to study transportation, heating, and electricity-generating fuel storage reserve - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-79-natural-resources/ut-code-sect-79-6-406/

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