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Facilities update: natural gas hedging, chiller savings and UWMC dorm demolition options discussed
Summary
Facilities staff reported on energy-hedging steps, chiller balancing with short payback, declines in natural gas use, carrying costs for vacant county properties, and early estimates that dorm demolition could exceed available dorm maintenance funds.
Facilities staff gave a quarterly update covering energy procurement, equipment commissioning and campus projects. The county locked approximately 75% of its natural gas volume at about $3.94 per therm to provide budget predictability; the presenter said that helped mitigate price risk when market strips dipped toward the lower end of the forecast ($3.90$4.50) (00:43:18). The facilities presenter described a vendor balancing contract for HVAC/chiller systems with an estimated payback of about 13 months once Focus on Energy support is included, and said the initial…
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