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Council approves motion to hedge 25% of summer 2030 and winter 2030–31 gas use
Summary
The Enumclaw City Council authorized hedging 25% of expected gas use for summer 2030 at $3.10 per dekatherm (or better) and 25% for winter 2030–31 at $5.65 per dekatherm (or better) and authorized extension of contracts as needed; the motion passed on voice vote.
During the Public Works report, a council member moved to authorize the city to hedge 25% of expected gas use for summer 2030 at $3.10 per dekatherm (or better) and 25% of expected use for winter 2030–31 at $5.65 per dekatherm (or better), and to extend any agreements with the city's carrier as needed to execute those contracts. The motion was seconded and, after a brief discussion, approved on a voice vote.
Council described the hedging as part of a longer-range energy purchase strategy, with staff indicating the city typically hedges multiple seasons in advance. The council did not provide a roll-call tally in the transcript; the motion passed on the record as approved by voice vote.
