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Moraine holds public hearing on proposed opt-out natural gas aggregation program
Summary
At a June 26 public hearing, an independent consultant outlined an opt-out natural gas aggregation plan through the Miami Valley Communications Council that would offer fixed-term supply contracts, a price ceiling and a 21-day opt-out window; no formal council decision was made.
Moraine City Council on June 26 received a presentation and public hearing on a proposed opt-out natural gas aggregation program led by Phil Dysart of Palmer Energy on behalf of the Miami Valley Communications Council.
The proposal would allow eligible customers served by CenterPoint Energy to be included in a pooled purchasing program that offers fixed-price supply terms (typically 12, 24 or 36 months), a 21-day opt-out period when notices are mailed and a planned program start in October. Phil Dysart said the program is intended mainly to provide budget stability and a price ceiling for participants.
"With the program, you're gonna have a rate. It's fixed for that term," Dysart said. "...the natural gas program more so acts as a price ceiling, versus…
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