HomeMy WebLinkAboutminutes.council.19610304 Aspen, Colorado Informal Meeting of Aspen City Council with Representatives of Rocky Mountain Natural Gas Co. March 4, 1961.
Representatives from the Rocky Mountain Natural Gas Company met with Mayor Rocky Mtn.
Garfish, Councilmen Braun, James,Anderson and Beyer,and Attorney Stewart for further Natural Gas
discussion of their proposal. (Mr. Porter, Grant McGee, O~ville Shockley, Roger Frayley, Co.
Bill Newton, John Reed and Attorney Charles Stewart for Rocky Mtn. Natural Gas~
Mr. Newton, their geologist, outlined at length the reserves of the Company, and said
that the following information would be required by PUG:
1. Reserves for 20 years
2. Proof that project is feasible.
3. Ability to finance the job.
Informal Meeting - Aspen City Council and Representatives from Rocky Mtn. Natural
He said analysis of gas would be included in their presentation. Also stressed the
advantages of using reserves in Colorado. Also that they had 78,000,000,000 actual
proven reserves.
Rocky Mtn. The matter of financing was discussed, and ~Mr. Frayley said they had received an
[Natural Gas indication from Merrill-Lynch that there would be no difficulty in raising funds.
In the matter of franchise, they said they would go to property line, and that they
would finance soho61 to train local help for local installation; that they would serve
Aspen even though Glenwood Springs does not grant franchise, and that they could start
diggin~ as soon as they had received approval from PUC. They indicated that gas line would
not go through Glenwood.
The order of procedure would be - to get approval from PU~- then to acquire rights
of-way, installation and acquiring customers.
If Apsen grants franchise, Carbondale is firm. It was suggested they furnish
statement~that there would be no change in the rate even though Glenwood does not
pariicipate, and that original proposal would stand.
Meeting adjourned at 10:45 PM.