The power and gas markets look very different today from what we were anticipating three to four years ago. Gas has gone from seeming shortage to seeming abundance with recent spot prices falling...
Natural-Gas Procurement: A Hard Look at Incentive Mechanisms
Better designs are needed to realize the goal of lower-cost gas.
Order Allowing Incentive Gas Supply Procurement Plan Award and Granting Extension of Plan, Iowa Utilities Board, Docket No. RPU-94-3, Nov. 29, 2004 (p. 3, “Through the IGSPP, MidAmerican customers have realized a savings, relative to the reference price, of $58.4 million …”).