More than a dozen school systems in central to northeast Kentucky are taking advantage of an energy saving initiative offered through KSBA. And more districts in the region are eligible to benefit.
The Kentucky Gas Aggregation Program (KGAP) was created by KSBA and Fellon-McCord, a Louisville-based, international energy management firm, to help districts reduce expenses in purchasing natural gas supplies. Districts participate at no cost.
Cumulatively, participating districts have saved $506,228 through supplier negotiation and effective market hedging since KGAP was launched in 2011.
This year, Fellon-McCord identified a natural gas purchasing opportunity for districts served by Columbia Gas of Kentucky. Current participants are Bourbon, Clark, Fairview, Fayette, Lawrence, Martin, Mason, Montgomery, Paris, Raceland-Worthington, Russell, Scott, Woodford districts. Also eligible are the districts in Ashland, Bath, Boyd, Carter, Clay, Estill, Floyd, Frankfort, Franklin, Greenup, Harrison, Knott, Nicholas.
During the extreme winter of 2014, districts served by Columbia Gas and participating in KGAP benefitted from natural gas prices as low as $5.19 per Mcf (thousand cubic feet), which was $1.05 lower per Mcf than the Columbia Gas rate offered over the previous year.
The mild summer has stabilized pricing, creating a gas buying opportunity for districts to take advantage of. Additionally, locking in pricing now presents an opportunity to avoid potential price risk from another extreme winter.
Officials in eligible distridts wishing to take advantage of the negotiated KGAP rates should contact Trevor Joelson at Fellon-McCord at 502-214-9335 or [email protected].
Anyone with questions about KGAP also may call KSBA and ask for Ron Willhite, Steve Smith or David Baird at 800-372-2962.