Utility Coop Reaches Critical Supply Agreement
Posted on Sep 19, 2012 in Grid & Infrastructure, Innovation/Efficiency, Rates | Comments Off on Utility Coop Reaches Critical Supply Agreement
Golden Valley Electric Association (GVEA) and BP Exploration have reached a natural gas supply contract, which will allow GVEA to purchase up to 23 billion cubic feet (bcf) of natural gas per year. Since GVEA will likely not use more than 3.5 bcf of natural gas for local generation, the remaining gas will be available for other distribution purposes. The agreement represents an important step toward implementing GVEA’s plan to truck natural gas to the Fairbanks area and provide additional gas to the Interior. Read more here.
