Common Contracts
1 similar Energy Production Agreement contracts
WIND ENERGY PRODUCTION AGREEMENTEnergy Production Agreement • November 22nd, 2023
WHEREAS, pursuant to La. R.S. 30:209, the State has the authority to enter into operating agreements whereby the State receives a share of revenues from the production of wind energy in whole or in part, as may be agreed upon by the Parties, in those situations where the Board determines it is in the best interest of the State either in equity or in developmental productivity to do so. The Board’s authority expressly extends to, but is not limited to, establishing a contractual agreement on unleased acreage to promote utilization of the State’s resources for wind energy. Further, pursuant to La. R.S. 30:209, the Board may do all other things that may appear to be necessary or desirable; and
