Current through Register Vol. 54, No. 38, September 21, 2024
(a)
General. The Commission recommends that a utility adopt the
following general purchasing guidelines:
(1) A
balance of long-term, short-term and spot purchases should be utilized. This
balance should provide a reasonably stable supply while allowing the utility
the option of taking advantage of changing market conditions. At coal receiving
sites, such as generating stations, central storage or loading facilities
supplied by truck, coal handling equipment and procedures should be designed to
accommodate numerous suppliers.
(2)
Vendors should be selected on the basis of overall price and quality
specifications of fuel that include, but are not limited to, Btu, moisture, ash
and sulphur content. Service reliability is also a consideration. However, a
utility is encouraged to give new suppliers every opportunity to compete,
particularly in short-term/small-quantity fuel purchases. Documented service
reliability becomes more important as contracts increase in duration and
quantity. A utility should use its own staff in seeking and procuring adequate
fuel supplies and should minimize the use of brokers, except where the use of
brokers is consistent with the basic fuel procurement policy of obtaining fuel
at the lowest reasonable price.
(3)
Fuel agreements should include bonus/penalty provisions or be priced according
to Btu, moisture, ash and sulphur content to insure that quality provisions are
met. A utility should clearly state in fuel agreements the quality
specifications of the fuel. Rejection limits for sulphur, ash and moisture
content should be incorporated into contract or bid proposals.
(4) Fuel shipments should be adequately
sampled when received at the generating plant. Contracts should include
sampling procedures providing for an additional sealed and dated sample for
independent verification if necessary.
(5) [Reserved].
(6) [Reserved].
(7) A utility should maintain documentation
of reasons for rejection of bids on file in accordance with FERC's Record
Retention Table. During audits, Commission staff will inspect this
documentation as deemed necessary.
(8) A utility should actively seek and
maintain a significant number of vendors from which to solicit bids. This
vendor list should be frequently updated with advertisements in newspapers and
coal and oil publications.
(b)
Short-term agreements and spot
purchasing.
(1)
[Reserved].
(2) Sealed bids should
be considered on large orders covering more than 6 months' supply.
(3) Verbal agreements, including telephone
conversations relating to fuel price, quantity and quality, should be
formalized by letter or a log confirming details. In securing vendors for
inclusion on the vendor list referred to in subsection (a)(8), a utility should
omit unnecessary provisions and requirements which restrict or discourage small
suppliers from submitting bids. Requirements include engineering, geological
and financial studies and reports which are not necessary for small, short-term
or spot purchases.
(4)
[Reserved].
(5)
[Reserved].
(c)
Long-term contracts.
(1)
[Reserved].
(2) Cost escalation
clauses included in long-term contracts should be based on measurable supplier
costs, such as labor, material, transportation and equipment costs, and the
like. Escalation clauses may also be based on regularly published relevant
indices, such as those published by the United States Department of Interior,
Bureau of Mines, the United States Department of Labor, and the like.
(3) Right to audit clauses should be included
in contracts that provide for cost escalation. The right to audit clause gives
the utility the authority to audit specific records of its suppliers. It is
recommended that the utility enforce the right to audit provisions either
through the use of qualified internal audit staff or outside independent
auditors on a regular basis. Contracts should contain resumption clauses to
provide for continuation (at the utility's discretion) of contracts that are
temporarily curtailed due to strikes or similar occurrences.
(4) It is recommended that all contracts,
escalation clauses, or terms of purchase of fuel agreements be reviewed by the
legal office of the utility. Contracts should include specific reference to
special arrangements, such as loan agreements, which may affect the operation
of the utility or the price of fuel.
(5) [Reserved].
(6) Minimum tonnage requirements should not
be set at unreasonably high quantity levels which would prohibit competitive
proposals from reliable and competent small suppliers. Investigations should be
conducted to insure that potential vendors have adequate owned or contracted
supplies to fulfill all contract provisions.
(7) A utility should seek contracts with
greater ranges in minimum/maximum tonnage requirements to be exercised at the
utility's discretion. Contract tonnage would increase or decrease based on
market conditions. The contracts would also provide a means of control over
suppliers with excessive price or inferior quality.
(8) Escalation clauses based on market prices
are discouraged. Market escalators, if used, should have a reasonable
geographic limitation, yet should be sufficiently broadly based so that no
supplier or group of suppliers could materially influence the market price.
De-escalation should also be incorporated in the contracts based on the same
market data. Data used to calculate the increment or decrement in coal prices
should be based on comparable fuels and should not be influenced by short-term
aberrations in coal prices. When incorporating market price
escalators/de-escalators, the utility should delineate in the contract the
comparable market data to be used and the time frames for adjustments. The
Commission will review the reasonableness of market priced data on a
case-by-case basis.
(d)
Dedicated fuel supplies. Dedicated fuel supplies are those in
which a utility, through ownership, contract tonnage requirements, location, or
guarantee of debt, has substantial influence and interest in the contracted
fuel supply. The following guidelines are recommended for dedicated fuel
supplies and are in addition to the general and long-term contract guidelines
in subsections (a) and (c):
(1) In order to
insure efficient management over dedicated fuel supply, a utility should not
provide, assume or guarantee an excessive amount of the project financing. The
owner, operator or developer of the mine, or fuel supplier, should maintain
substantial equity in the project or guarantee a substantial portion of the
project financing.
(2) The use of
cost-plus contracts is strongly discouraged.
(3) Contracts for dedicated fuel supplies
should contain additional provisions so that if fuel prices exceed an average
range of prices for fuel with similar characteristics for an extended period of
time, the fuel price charged by the dedicated supplier would be adjusted to
fall within the price range of the similar fuel. Under certain circumstances,
similarities in methods of producing the fuel, contract provisions and
geographic areas may also be considered. As with market-adjusted long-term
contracts, the utility should establish and monitor the comparable market data
that is to be utilized.
(e)
Wholly-owned fuel
sources. The following guidelines are in addition to the general,
long-term contract, and dedicated fuel supply guidelines in subsections (a),
(c) and (d):
(1) A utility should regularly
compare the costs of fuel from its wholly-owned sources to that available in
the competitive market place for fuel with similar characteristics. The
Commission may take appropriate action when wholly-owned fuel costs differ
significantly from comparable market prices for an extended period. A utility
may be called upon to explain why its coal prices should not be reduced to the
comparable market price. Decisions on a long-term deviation from market prices
will be made by the Commission on a case-by-case basis.
(2) A utility should retain independent
auditors to verify the charges affecting wholly-owned fuel costs. The
Commission may review the audit of the fuel subsidiary or division and conduct
reexaminations considered necessary.
The provisions of this §69.4 issued under the
Public Utility Code,
66 Pa.C.S. §
§
501,
1301 and
1307.
This section cited in 52 Pa. Code §
69.1 (relating to
general).