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City of Perry approves another long-term discounted gas transaction with MGAG
Summary
The City of Perry agreed to participate in an additional 30-year, discounted natural-gas transaction offered by the Municipal Gas Authority of Georgia and Citibank, adding about 104 decatherms per day and bringing the city to its authorized 80% hedging target.
The City of Perry City Council voted on March 11 to authorize participation in one additional long-term discounted gas transaction offered through the Municipal Gas Authority of Georgia (MGAG) in partnership with Citibank.
Katie Hall, general manager and chief executive officer of Florida Gas Utility, told the council MGAG is offering a minimum discount of $0.65 per decatherm for the tranche under consideration. The proposed volume for the city would be 104 decatherms per…
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