Concentric was engaged by a U.S. electric and natural gas utility to conduct a comprehensive prudence review of more than $400 million in extraordinary gas purchases arising from a major winter and ice storm. Concentric prepared a detailed chronological analysis of the company’s gas purchasing and operational decisions during this event and sponsored direct and rebuttal testimony to support the conclusion that the company’s gas costs were prudently incurred. Additionally, Concentric provided an expert witness who participated in the hearing and supported proposed reforms for risk management, storage, end-user curtailment, and LNG utilization within the utility’s service area in the upper Midwest.
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