Firm Gas Supply Agreement Modifications

Greenville UtilitiesMembers of ERG provided assistance to The Greenville Utilities Commission (GUC) in support of negotiating modifications to its existing supply agreement with the North Carolina Natural Gas, Co. (NCNG) necessary to allow the installation of an LNG peaking facility. Proposed terms and conditions were analyzed in order to determine the costs, benefits and potential negative implications to GUC ratepayers, as well as those related to GUC’s future supply flexibility. Negotiations with NCNG were not successful and resulted in a decision by GUC to not enter into a modified firm supply agreement. As an alternative course of action, GUC elected to develop a portable LNG vaporizer system to meet its near term peak capacity requirements while affording it time to consider other long term peak capacity supply options.

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