Enron Mail |
In case folks haven't already heard through other sources, a reliable person
told me that PG&E is hedged for core gas requirements: financial--for 45% of core volumes at prices "in the single digits/decatherm" physical--for 15% of core volumes (via storage) at prices "less than the financial hedge" SDG&E is naked. SoCalGas is likely in the same boat as SDG&E, or worse, since they optioned core's storage gas to noncore customers, and, those customers are exercising.
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