Washington Gas Winter Preparedness Paul S. Buckley - Director, Rates & Reg Affairs Nimmie S. Hickman - Manager, Gas Planning September 22, 2004
Energy Insights Energy Issues Gas prices and bill projections Payment options Energy efficiency tips Energy assistance programs Customer choice program Special Publications for Winter
Web Site Information Energy Insights Energy Issues Energy Efficiency Video Washington Area Fuel Fund Natural Gas Appliance Safety Information Customer Choice Comparison Data Click on “Energy Information”
Bill Assistance Programs Founded by Washington Gas in 1983 Administered by The Salvation Army Washington Gas pays all administrative costs Disbursements made January-May Nearly 177,000 people have been assisted Washington Area Fuel Fund Celebrating 20 Years
Residential Essential Services Pilot Program > The will be the first full year of activity under the Pilot Program. > For the partial winter of , the Pilot Program produced: 2,190 RES credit recipients $134,626 of RES credit payments > WGL to “absorb” the initial $50,000 in RES credit payments. > Remainder of RES credit payments recovered from all distribution customers.
Winter Bill Projection > Winter average residential bill 790 therms - actual $896 for the winter season > Projected Winter average residential bill 738 therms - weather normalized Estimated $902 for the winter season 0.7% increase over winter season
Design Day Estimate
Daily Load Variability
Hedging Strategies Storage is a Natural Hedge Injected at the average of summer prices Vary Options for Hedging Instruments Fixed Cost contracts, Caps, and Costless Collars Vary Timing of Hedging Instruments Break-up hedging volumes over several summer months
Hedging in 2004
Hedging in 2005
Thank you ©2004 WGL Holdings, Inc.