Risk Management Natural Gas Procurement Workshop

8/21/01


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Table of Contents

Risk Management Natural Gas Procurement Workshop

Risk Management Goals

Variability of Customer Energy Bills

Natural Gas Price Variability

PPT Slide

PPT Slide

Natural Gas Futures Contracts

Natural Gas Futures Contract

Natural Gas Futures Contract

Natural Gas Futures Contract

Forward Contracts

Forwards vs. Futures

Long Hedge for Natural Gas

1st Example of Long Hedge

1st Example of Long Hedge

PPT Slide

PPT Slide

PPT Slide

PPT Slide

Short Hedge for Energy

Rate Options Using Hedging

Fixed Price Option vs. Budget Billing

Fixed Price Option vs. Budget Billing

Effect of Routine Hedging Program

Should Utilities Hedge Natural Gas?

Weather Futures

Weather Futures

Weather Futures

Total Bill Stability

 Author: Martin Blake

Email: kslewis@ky.gov

Home Page: http://psc.ky.gov