Duke Energy -- For Upcoming Winter

Note that the $8.62 per mcf gas cost, or $.86 per ccf, is way above the near-month futures contract of $5.50 or so. Of course it means virtually nothing to the residential user in a summer month. See my earlier blog explaining how Duke Energy buys its gas only from known suppliers and does not play the futures market except to the tune of 5%. So some times they look good and some times bad.