PNG buys its gas from the Opal hub near Kemmerer, where the southwest Wyoming-produced supply continues on to Chicago and Denver to the east and Boise and the West Coast to the west.
PNG buys its gas on the First of Month (FOM) index at the Opal hub, which means the last few days of trading each month set the next month’s rates that PNG passes on to consumers, adding only transportation costs, Shute explained.
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