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Hedging Guidelines for Utilities and Examination of Long-Term Contracts
The New York State Public Service Commission determined in March 2007 that utilities should continue to hedge commodity rates to reduce volatility of commodity supply service for residential and smaller commercial and industrial customers, subject to the development of utility-specific guidelines. In addition, the Commission decided to examine long-term contracts to facilitate entry of new resources for supply and to examine long-term planning for future electricity supply infrastructure.
Questions the order raises include whether there should be a statewide integrated resource planning process to examine long term electricity resource needs and to what extent or in what manner would a statewide integrated resource planning process build on or parallel existing reliability planning processes.
Development of guidelines for electric commodity supply portfolios and addressing long-term contract issues.