Council authorizes gas‑hedging contracts covering portions of summer 2030 and winter 2030–31
July 13, 2026 | Enumclaw, King County, Washington
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The Eden Plus City Council approved a Public Works motion on July 13 to purchase hedges for a portion of the city’s future natural-gas needs.
The motion authorized hedging 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 allowed staff to extend any agreements with the city’s carrier as needed to execute the contracts. The motion was offered by a council member on the Public Works committee and was seconded by Council Member Sorkin; the council approved it on a voice vote.
Why it matters: Hedging is a financial step to lock in part of the city’s fuel costs for future periods and affects municipal budgets and risk exposure to price spikes. Councilors discussed the multi‑year horizon in the context of previous hedging and seasonal price forecasts.
Next steps: Public Works staff will finalize contracts and report back as required by procurement rules and committee practice.
The motion authorized hedging 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 allowed staff to extend any agreements with the city’s carrier as needed to execute the contracts. The motion was offered by a council member on the Public Works committee and was seconded by Council Member Sorkin; the council approved it on a voice vote.
Why it matters: Hedging is a financial step to lock in part of the city’s fuel costs for future periods and affects municipal budgets and risk exposure to price spikes. Councilors discussed the multi‑year horizon in the context of previous hedging and seasonal price forecasts.
Next steps: Public Works staff will finalize contracts and report back as required by procurement rules and committee practice.
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