
John Sims
19:27 - 20:00
"we take those prices and we bundle them all together and file them with the commission in what we call our gas cost adjustment. So it takes all of the volumes from what you're seeing here, which is right around $8.50, the $12.30 from Fury, and then that $16 gas, average it all together, and that results in a weighted average cost of gas of about $10.80 is what our customers are paying today."
“we take those prices and we bundle them all together and file them with the commission in what we call our gas cost adjustment. So it takes all of the volumes from what you're seeing here, which is right around $8.50, the $12.30 from Fury, and then that $16 gas, average it all together, and that results in a weighted average cost of gas of about $10.80 is what our customers are paying today.”
So for that $16 gas, you're looking at about $19 delivered. Now, the caveat to that is we take those prices and we bundle them all together and file them with the commission in what we call our gas cost adjustment. So it takes all of the volumes from what you're seeing here, which is right around $8.50, the $12.30 from Fury, and then that $16 gas, average it all together, and that results in a weighted average cost of gas of about $10.80 is what our customers are paying today. Senator Cronk. Thank you, Senator Cronk.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
