“We’re 70% locked in through our traditional ways of locking in,” Gross says. “Because of a scar we have from last winter, not near the big scar the propane guys had last winter, we’ve layered in an extra tier of December, January, February to further protect our customers from the price volatility we saw last year.”
Gross says it looks like natural gas prices will be up slightly this coming winter.
“Probably a nickel a therm,” Gross says. “Most of them use about 600 therms through the winter so that’s (an increase of) about $30 through the course of the winter. The customers, at least in my house, we used more therms than we normally used because it was colder, but the price is going to be just up a twitch.”
Northwestern serves the central Nebraska cities of Grand Island, Kearney and North Platte.
By Jerry Oster, WNAX, Yankton