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Council authorizes partial gas hedges for summer 2030 and winter 2030–31
Summary
The council approved authorizing the city to hedge 25% of expected gas use for summer 2030 at up to $3.10 per dekatherm and 25% for winter 2030–31 at up to $5.65 per dekatherm, and to extend contracts as needed.
The Eden Plus City Council voted to authorize a gas-hedging plan aimed at locking in a portion of the city's natural-gas supply costs for 2030 and 2031. The motion directs the city to hedge 25% of expected use for summer 2030 at $3.10 per dekatherm or better and 25% for winter 2030–31 at $5.65 per dekatherm, and allows staff to extend necessary agreements with the carrier.
Council discussion focused on timing and price points. A council member explained the city "hedges out pretty far" and noted current purchase opportunities across summer and winter periods; the motion was seconded and passed by voice vote. The public-works report also covered unrelated items including Expo Center door replacement and sidewalk planning.
