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Florida Gas Utility presents hedging option to Live Oak council, urges ongoing program to stabilize prices
Summary
Katie Hall, general manager and CEO of Florida Gas Utility, briefed the City Council on natural gas hedging—describing it as a risk-management tool aimed at reducing price volatility—and discussed the rationale for an ongoing hedging program that could stabilize future gas costs for customers.
Katie Hall, general manager and CEO of Florida Gas Utility, gave a presentation to the City Council explaining natural gas hedging and why a municipality might adopt an ongoing hedging program.
Hall said hedging is a form of investment intended to reduce the risk of adverse price movements rather than to secure the lowest possible price. “Hedging is not lowest price available. What we're trying to do is have a stable price,” she said, adding that the approach functions like an…
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