(1) To approve a qualifying energy delivery project, the board shall determine that the project: (a) contributes to the economy of the state and the one or more communities where the project is located; (b) is strategically situated to maximize connections to an energy source project located in the state that is: (i) existing; (ii) under construction; (iii) planned; or (iv) foreseeable; (c) is supported by a business case for providing the revenue necessary to: (i) service an authority bond issued to finance the project; and (ii) finance the construction and operation of a project; (d) is supported by a project plan related to: (i) engineering; (ii) environmental issues; (iii) energy production; (iv) load or other capacity; and (v) any other issue related to the building and operation of energy delivery infrastructure; (e) complies with the regulations of the following regarding the building of energy delivery infrastructure: (i) the Federal Energy Regulatory Commission; (ii) the North American Electric Reliability Council; and (iii) the Public Service Commission of Utah; and (f) promotes responsible energy development.

(a) contributes to the economy of the state and the one or more communities where the project is located;

(b) is strategically situated to maximize connections to an energy source project located in the state that is: (i) existing; (ii) under construction; (iii) planned; or (iv) foreseeable;

(i) existing;

(ii) under construction;

(iii) planned; or

(iv) foreseeable;

(c) is supported by a business case for providing the revenue necessary to: (i) service an authority bond issued to finance the project; and (ii) finance the construction and operation of a project;

(i) service an authority bond issued to finance the project; and

(ii) finance the construction and operation of a project;

(d) is supported by a project plan related to: (i) engineering; (ii) environmental issues; (iii) energy production; (iv) load or other capacity; and (v) any other issue related to the building and operation of energy delivery infrastructure;

(i) engineering;

(ii) environmental issues;

(iii) energy production;

(iv) load or other capacity; and

(v) any other issue related to the building and operation of energy delivery infrastructure;

(e) complies with the regulations of the following regarding the building of energy delivery infrastructure: (i) the Federal Energy Regulatory Commission; (ii) the North American Electric Reliability Council; and (iii) the Public Service Commission of Utah; and

(i) the Federal Energy Regulatory Commission;

(ii) the North American Electric Reliability Council; and

(iii) the Public Service Commission of Utah; and

(f) promotes responsible energy development.

(2) This chapter may not be used to compel interconnection to or use of a transmission or interconnection line or facility that belongs to another person.