Leveling of Oil Fuel Prices Through Hedging Practices at the Puerto Rico Electric Power Authority
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Up to the present, all the discussions since mid 1980's regarding the convenience of leveling fuel costs have been developed on a qualitative basis. This paper will try to provide quantitative information for corporate decisions regarding the main concerns of (1 )What is a convenient leveling oil fuel price level? and (2) What is the level of sales / revenues vs. oil prices at which the Bond Rating Agencies as well as the Authority should start giving considerations?