Given energy markets’ newfound volatility and the range of exposures that global energy firms must deal with, the reactive, reporting-oriented nature of transaction management practices is in need...
Hedging Under Scrutiny
Planning ahead in a low-cost gas market.
(July 28, 2011) and report and order, Rocky Mountain Power 2011 General Rate Case , Docket Nos. 10-035-124, 09-035-15, 10-035-14, 11-035-46 and 11-035-47, (Sept. 13, 2011).
9. South Carolina Office of Regulatory Staff, Letter Re.: Request for Suspension of SCE&G and Piedmont Gas Hedging Programs , Docket No. 2011-82-G, (Feb. 24, 2011).
10. Public Service Commission of South Carolina, Commission Directive, Docket No. 2011-82-G, Order 2011-402, (July 13, 2011).
11. Public Service Commission of South Carolina, Settlement Agreement, IN RE: Annual Review of Purchased Gas Adjustment and Gas Purchasing Policies of South Carolina Electric & Gas Company , Docket No. 2011-5-G, (Nov. 2, 2011).
12. Public Service Commission of South Carolina, Order Ruling On Purchased Gas Adjustment And Gas Purchasing Policies, IN RE.: Annual Review of Purchased Gas Adjustment and Gas Purchasing Policies of Piedmont Natural Gas , Docket No. 2011-4-G – Order No. 2011-580, (Aug. 17, 2011).
13. Dollar cost averaging is the technique of hedging a fixed dollar amount of a particular commodity on a regular schedule, regardless of the contract price. More contracts are purchased when prices are low, and fewer contracts are purchased when prices are high.
14. Public Service Commission of Delaware, PSC Docket No. 010-295F, Direct Testimony of Richard W. Lelash on behalf of the Staff of the Delaware Public Service Commission, In the Matter of the Application of Delmarva Power & Light Company for Approval of Modifications to Its Gas Cost Rates , (Feb. 10, 2011).
15. Public Service Commission of Delaware, Order No. 8061, In the Matter of the Application of Delmarva Power & Light Company for Approval of Modifications to Its Gas Cost Rates (Filed Aug. 31, 2010), PSC Docket No. 010-295F, (Oct. 18, 2011).
16. Michigan Public Service Commission, Case No. U-16485, Notice of Proposal for Decision, ALJ Sharon L. Feldman, In the Matter of the Application of Consumers Energy Company for Approval of a Gas Cost Recovery Plan and Authorization of Gas Cost Recovery Factors For the 12-Month Period April 2011- March 2012 , (Sept. 12, 2011).
17. California Public Utilities Commission, Rulemaking 10-05-006, Proposed Decision Approving Modified Bundled Procurement Plans , Proposed Decision of ALJ Peter Allen, (Nov. 10, 2011).
18. Northwest Natural, Securities and Exchange Commission, 10-Q filing (First Quarter 2011).
19. See Colorado General Assembly H.B. 10-1365, Section 40-3.2-206. Part 4 (signed into law April 19, 2010).
20. Statement of Position of Public Service Company of Colorado , in Docket No. 10M-245E, at 72, (Nov. 29, 2010)
21. Direct Testimony of Trent Cozad, Docket No. 11A-580E before the Colorado Public Utility Commission (Re: Gas Mitigation Plan) , pp.3-7.