Jul
17
2018

Pipeline Security - We're All in this Together

Today’s PACE Blog is an abridged version of a PACE column published yesterday by Morning Consult.

When it comes to ensuring a resilient energy grid capable of serving American customers no matter what comes our way, there are few things more vital than safeguarding the security of our energy and electricity delivery systems.

Despite cybersecurity being front and center across the energy and electricity value chain for years, the Department of Energy (DOE) recently asserted that pipeline operators in the U.S. are not adequately prepared for cyber-attacks and that natural gas pipelines specifically are “increasingly vulnerable to cyber- and physical

Jul
11
2018

Hedging 101, Part 2

This week, we continue our conversation with hedging expert Andy Whitesitt. Over two decades, and as a senior executive with ACES, he’s helped dozens of utilities smooth cost curves and mitigate risk. Hedging helps consumers across the country every day.

What’s the difference between financial hedging and physical hedging?

Financial hedging is locking in only the price risk by utilizing either a futures contract or a swap. After locking in the price, the utility still must go out and procure the natural gas needed to run the generation unit.

Physical hedging is a purchase of physical gas to be

Jun
12
2018

A Sea of Change in Charleston

It’s 90 degrees in the shade here in Charleston, South Carolina, where the Southeastern Association of Regulatory Utility Commissioners (SEARUC) has gathered for its annual meeting. Eleven states’ public utility regulators, from Texas and Arkansas to Florida and the Carolinas, are represented. This year’s theme is “Effective Utility Regulation – All in the Public Interest.” In a time of increasing cynicism about government, it’s uplifting to focus on elected officials and professional staff who work hard for consumers each day.

It’s also refreshing to be with so many who accept that appropriate regulation is needed to monitor and provide course

May
30
2018

Natural Gas Hedging - Smart Tool for Diverse Energy Portfolio

PACE thanks Morning Consult for publishing this op-ed as original content. https://morningconsult.com/opinions/hedging-smart-tool-diverse-energy-portfolio/.

As the U.S. energy portfolio continues to diversify, the tools and tactics electric utilities use to protect consumers and stabilize costs must keep up with the times to accommodate the growth of natural gas, renewable resources, storage and other innovations.

One of the most critical tools is hedging, a fact frequently discussed and underscored by state lawmakers. As an example, Missouri recently passed Senate Concurrent Resolution 43 that reaffirms the state’s policy of allowing electric utilities to hedge natural gas contracts and supports

Apr
22
2010

Earth Day and Energy

Today is Earth Day, a day to cherish our resource-rich planet. It is important for all humans to find opportunities to plant trees, recycle bottles and cans, and reduce our “footprint.” Our planet provides us with a wide variety of resources that are essential to everyday life – such as food, shelter, and energy – so we should take good care of our home.

In fact, as you’ve surely heard in the news lately, our planet provides a variety of energy sources. It is thus equally important to remember that we should find ways to integrate all of these resources