Andrea Bracey

This document presents data for MTA's active Fuel Hedging Program for Ultra-Low Sulfur Diesel (ULSD), covering months from February 2026 to December 2027. It details gallons hedged, the percentage of expected purchases, weighted average hedge prices, and forecasted commodity prices. The program aims to mitigate budget risk by dollar-cost averaging approximately 50% of projected fuel expenses, with a goal to maintain this level for the next 12 months. It notes that while compressed natural gas is included in the program, there are currently no active hedges for it.

The meeting focused on presenting data regarding the Metropolitan Transportation Authority's (MTA) response to a recent blizzard. The key discussion points involved quantitative metrics across various agencies: Long Island Rail Road mobilized 1,800 employees, utilized 15 plow trucks, and applied 500 third rail scraper shoes; Metro-North Railroad mobilized 850 employees, tested 400 pieces of snow-fighting equipment, and inspected 550 switch heaters; NYCT Buses mobilized 3,000 employees with 27 snow-fighting vehicles and chained the entire fleet; and NYCT Subways mobilized 12,300 employees and used 380 tons of rock salt. The presentations emphasized that preparation was critical for preserving service and keeping riders safe, specifically mentioning the LIRR service suspension.

The Safety Committee meeting focused on safety and security metrics across operating agencies. New York City Transit and Bridges & Tunnels showed declines in employee lost-time injuries and customer accident rates, with NYCT reporting major crimes at their lowest levels since 2019. LIRR reported its year-to-date customer accident rate and detailed outreach efforts, including Operation Lifesaver events and the removal of unauthorized encampments. MNR's customer injury rate remained stable overall but showed monthly improvement since August 2025, attributed to safety initiatives stemming from a 2024 assessment. MNR successfully conducted an annual emergency preparedness exercise simulating a portable electric scooter fire. Discussions also covered a request to evaluate the reduction in MTAPD summonses, follow-up on navigation apps leading drivers onto tracks, an increase in C&D reportable injuries potentially due to enhanced reporting, monitoring of drug and alcohol enforcement on construction projects, and a plan to focus on bus collisions at the next meeting. The committee also discussed the notification process for malfunctioning security cameras.

The joint meeting covered several significant items, beginning with a public speakers' session. In executive session, the Board approved two collective bargaining agreements: one between New York City Transit and the Doctors Council (SEIU), and another between several MTA entities and the Untied Transit Leadership Organization (UTLO). The Chair's update detailed record-setting performance in 2025, including nearly two billion trips taken on NYC Transit and the safest subway year in a generation, alongside progress on new fare gate prototypes and future capital plans like advancing Second Avenue Subway Phase 2 and exploring the Q West project. Updates from agency presidents highlighted successful operations during Winter Storm Fern, strong ridership numbers for LIRR and Metro-North, and the success of recent fare ticketing changes. The meeting included reports on Bridges & Tunnels' record toll revenue ($3.3 billion) and safety improvements, and a financial overview of 2025 results. The Audit Committee presented the 2026 Audit Plan, focusing on operational efficiency and risk management. The Capital Program Committee reported a record $15.8 billion in contract awards in 2025, progress on CBTC modernization, and updates on major infrastructure projects, including substation overhauls and the Rockaways line reconstruction. The Transit Oriented Development unit highlighted the facilitation of 1,738 new housing units near transit.

The Capital Program Committee Meeting covered several key areas. In summary of actions, approvals were sought for awarding indefinite quantity contracts for independent safety assessor services and a contract for as-needed hydrology services. The committee reviewed the 2025-2026 Committee Work Plan and received updates on agency initiatives and safety reports. Reports detailed the status of the Capital Program, including Construction & Development commitments and completions. Separate reports reviewed the performance and operational updates for New York City Transit, the Long Island Rail Road, and Metro-North Railroad, particularly regarding performance during Winter Storm Fern. The Triborough Bridge and Tunnel Authority reported record toll revenue from congestion relief and decreased collision rates. The Finance Committee overviewed 2025 operating results and capital markets activity. The Audit Committee presented the 2026 Audit Plan and reviewed interim financial statements. The Capital Program Committee report highlighted a record $15.8 billion in contract awards in 2025, progress on CBTC and ADA projects funded by congestion pricing, and exploration of extending the Second Avenue Subway groundwork west. Infrastructure updates covered substation overhauls, progress on the Jamaica Bus Depot replacement, and line structure repairs. The Transit Oriented Development unit reported enabling 1,738 housing units and generating over $300 million in value.