Public Counsel recommends UTC continue investigation of $860 million in Washington utility losses from natural gas purchasing practices
SEATTLE – The Public Counsel Unit of the Washington State Attorney General’s Office will recommend Friday that the Washington Utilities and Transportation Commission (WUTC) continue investigating the so-called “hedging” strategies used by utility companies in their natural gas purchasing strategies. Public Counsel will also further recommend that the WUTC order that certain hedging costs not be passed to customers.
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