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Utility board recommends approval of Amendment No. 4 to AGP coal contract
Summary
The Hastings Utility Board recommended approval of Amendment No. 4 to the coal-supply agreement with AGP, which slightly lowers minimum/maximum takes, clarifies excess purchases and ties penalties to average coal-inventory price; the recommendation passed unanimously.
The Hastings Utility Board on Sept. 11 recommended the council approve Amendment No. 4 to the coal-supply agreement with AGP. Staff summarized the amendment as a set of clarifications and small adjustments to quantity and scheduling terms: it slightly lowers the contract’s minimum and maximum take quantities (Section 4), clarifies procedures for…
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