The new contract is designed to stabilize natural gas prices this winter through early 2026.
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Garner said they felt the pain of their nearly 500,000 customers, and the new contract will protect them from future fluctuations. Long Beach, however, negotiated its new long-term contract that allows them to purchase its gas supply at market price, with a discount, through early 2026. He said the utility deal with Goldman Sachs converts the market prices into a fixed price.
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