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Board authorizes multi‑year natural gas contract to reduce price volatility risk
Summary
After an in‑depth presentation from a third‑party consultant, the board approved authorizing a vendor contract to fix natural gas supply volumes and prices (with winter protection / 100% swing and term up to 48 months) to hedge upside market risk.
The Glenview CCSD 34 Board authorized district staff to enter into a natural gas supply agreement after hearing an extended presentation on market volatility and risk management from Becky Thompson, a third‑party energy consultant, and district staff.
Thompson explained the district’s current contract expires June 30 and described procurement options available in a deregulated Illinois market. She recommended a winter‑protection product…
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