XIII.C. Conclusions
o longer included 2026 PHP load in its hedging forecast. No hedges were unwound as a result of this decision, nor did we observe any unreasonable hedge positions for 2026 in the third quarter of 2024. Conclusion XIII-12: In the Q2 2025 F&P...
AI summary The document outlines several conclusions regarding NSPI's hedging strategy, emissions compliance, and generation planning. NSPI removed the 2026 PHP load from its forecast, adjusted its expectations for Trenton 5 cold storage, used an SO2 emissions buffer, and found that its hedging program significantly reduced value at risk. NSPI also improved its hedging effectiveness analysis by using slope coefficients and continues to monitor this process.