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This document outlines the Natural Gas Portfolio Management Plan (NGPMP) submitted by National Grid to the Rhode Island Public Utilities Commission. It details the proposed changes to gas management
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How to fill out natural gas portfolio management
How to fill out Natural Gas Portfolio Management Plan
01
Begin by gathering necessary data, including historical gas usage and demand forecasts.
02
Identify and list all potential suppliers and their contract terms.
03
Assess risk management strategies including price volatility and supply disruptions.
04
Determine the required balance between spot purchases and long-term contracts.
05
Draft a comprehensive portfolio strategy that aligns with company goals.
06
Include contingency plans for unexpected market changes.
07
Review and refine the plan regularly to ensure it adapts to evolving market conditions.
Who needs Natural Gas Portfolio Management Plan?
01
Utility companies managing gas supply for customers.
02
Large industrial consumers with significant natural gas usage.
03
Municipalities overseeing public energy procurement.
04
Consultants providing advisory services in energy management.
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What is Natural Gas Portfolio Management Plan?
The Natural Gas Portfolio Management Plan is a strategic framework that outlines how a company manages its natural gas supply, demand, pricing, and regulatory compliance to ensure stability and efficiency in its energy operations.
Who is required to file Natural Gas Portfolio Management Plan?
Companies involved in the production, distribution, or sale of natural gas, especially those regulated by governmental bodies, are typically required to file a Natural Gas Portfolio Management Plan.
How to fill out Natural Gas Portfolio Management Plan?
To fill out a Natural Gas Portfolio Management Plan, companies should gather data on their natural gas supply sources, demand forecasts, pricing strategies, risk management approaches, and regulatory requirements, and then complete the required template provided by the regulatory authority.
What is the purpose of Natural Gas Portfolio Management Plan?
The purpose of the Natural Gas Portfolio Management Plan is to optimize the management of natural gas assets, ensure compliance with regulations, mitigate risks, and provide a transparent framework for evaluating the company's gas supply strategies.
What information must be reported on Natural Gas Portfolio Management Plan?
The information typically required includes details on gas supply sources, demand projections, pricing mechanisms, risk assessment protocols, and compliance with applicable regulatory standards.
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