LONGBEACH (LOSANGELES COUNTY)local legislationReceived and Filed

Long Beach Utilities Department Natural Gas Pricing Report

Original title: Recommendation to receive and file a report on the Long Beach Utilities Department’s (LBUD) actions to stabilize natural gas pricing and protect ratepayers using price swaps, new receipt points, and fixing transportation costs.

October 12, 2023

natural gas utilities pricing Long Beach

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The Frame

What this does

This action acknowledges the methods the Long Beach Utilities Department uses to manage natural gas costs, which directly impacts the monthly utility bills paid by residents and businesses in the service area.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Long Beach natural gas ratepayers

These residents and businesses are subject to the pricing structures and stabilization strategies managed by the Long Beach Utilities Department.

Long Beach Utilities Department

The department is responsible for executing the pricing strategies and reporting on their effectiveness to the commission.

What changed

Last recorded activity October 12, 2023.

What's next

Next step not available in the current record.

Summary

The Long Beach Utilities Commission officially received and filed a report detailing strategies used to stabilize natural gas prices for local customers. The report outlines the department's use of financial tools and infrastructure adjustments to manage costs.

Key Facts

The Utilities Commission officially received and filed the report on natural gas pricing strategies.
The Long Beach Utilities Department utilized price swaps to manage market volatility.
The department implemented new receipt points to diversify gas supply logistics.
The department took action to fix transportation costs to provide price stability.
The report was introduced and processed on October 6, 2023.
The file number for this administrative action is 23-166UT.

Frequently Asked Questions

What does it mean to 'receive and file' a report?

It is a formal parliamentary procedure where a document is presented to a board or commission and added to the official record without requiring further action or a vote on the contents.

How is the utility department trying to keep gas prices stable?

The department uses financial , establishes new for gas delivery, and locks in transportation costs to reduce exposure to market price fluctuations.

Why It Matters

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Proactive Pricing Management

The department is explicitly moving toward financial hedging (swaps) and infrastructure diversification (receipt points) to mitigate market volatility.

Long Beach Utilities Department

Connected Entities

organizationLong Beach Utilities Department“The municipal department responsible for managing natural gas services and prici”Map →

organizationUtilities Commission“The governing body that received and filed the report.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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