19. Floating Swap

SCE proposes to use a voluntary fixed price for short-run avoided cost (SRAC) floating swap mechanism that would allow QFs to obtain a fixed price rather than a price that changes with the price of natural gas. SCE argues that this swap would provide a hedge to the natural gas price exposure of SCE's customers. (SCE Opening Brief at 19-20.) No party opposed this proposal. We authorize SCE's proposed fixed price for SRAC floating swap.