Dec 16, 2025BoardMeeting
BoardMerced Irrigation District Risk Management Committee Risk Management Committee Meeting
The meeting included a market update regarding California energy market stability, western gas storage, and precipitation forecasts. Key discussions focused on hedging strategies for 2026 and 2027, including specific price thresholds for swap counterparties. A credit update was provided, summarizing realized and unrealized swaps for the year. The committee also reviewed and approved recommended hedges for April 2026 through September 2026 after evaluating open positions.