City of Long Beach - File #: 23-021UT

• File #: 23-021UT
• Version: 1
• Name: Recommendation to authorize the General Manager to enter into a Natural Gas Commodity Fixed Price Swap Agreement pursuant to the International Swap and Derivatives Association (ISDA) Master Agreements, to provide natural gas price protection with terms th
• Type: UT-Agenda Item
• Status: Approved
• File created: 2/7/2023
• In control: Utilities Commission
• On agenda: 2/9/2023
• Final action: 2/9/2023
• Title: Recommendation to authorize the General Manager to enter into a Natural Gas Commodity Fixed Price Swap Agreement pursuant to the International Swap and Derivatives Association (ISDA) Master Agreements, to provide natural gas price protection with terms that meet or exceed the following conditions: 1) a term of no more than three years; and 2) pricing terms indexed at the Southern California border.

Date	Ver.	Action By	Action	Result
2/9/2023	1	Utilities Commission	approve recommendation	Pass

TITLE

Recommendation to authorize the General Manager to enter into a Natural Gas Commodity Fixed Price Swap Agreement pursuant to the International Swap and Derivatives Association (ISDA) Master Agreements, to provide natural gas price protection with terms that meet or exceed the following conditions: 1) a term of no more than three years; and 2) pricing terms indexed at the Southern California border.

SUGGESTED ACTION

Approve recommendation.