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Leitchfield Utilities Commission approves minutes, bill list and budget report; staff flags gas-price spike
Summary
The Leitchfield Utilities Commission on Feb. 5 approved minutes, the bill list and an October 2025 budget report, heard financial statements for the six-month period ending December and was told recent prompt-month gas prices spiked above $7 while roughly 80% of supply is hedged at about $3.50.
The Leitchfield Utilities Commission met Feb. 5 and unanimously approved routine items including the minutes from Jan. 15, the provided bill list and the October 2025 budget report. Motions were recorded in the transcript as moved by Mr. Blaine (minutes), Mr. Perez (bill list) and Mr. Miller (budget report); each motion received a second and voice approval.
The session included financial updates for the six-month period ending in December. The presiding speaker noted a sharp rise in the prompt-month natural gas price to "over $7," and reported the commission had about 80% of its gas purchases hedged at around $3.50, which staff said should limit the need to raise customer rates but could reduce commission margins on gas sales.
The meeting also included routine staffing notes — Jeremy attended in the superintendent's absence — and an announcement about the next Chamber lunch on Feb. 12. The commission adjourned after approving a final motion to end the meeting.
Actions recorded in the meeting transcript: motions to approve the Jan. 15 minutes (Motion by Mr. Blaine; Second by Mr. Farris; voice vote recorded as "Aye"); to ratify the bill list (Motion by Mr. Perez; Second by Mr. Blaine; voice vote recorded); and to approve the October 2025 budget report (Motion by Mr. Miller; Second by Mr. Blaine; voice vote recorded). A motion to adjourn was moved by Mr. Blaine, seconded by Mr. Farris and approved by voice vote.
The transcript records the gas-price figures and hedging percentages as presented by staff during the financial discussion; the packet distributed to commissioners contains the detailed financial statements for review and future approval.
