January 16, 2009
More Colleges Lock in Energy Rates to Avoid Volatile Markets
When it comes to locking in energy prices, "sometimes you're the windshield and sometimes you're the bug," says Charles Riordan, facilities director at Loyola College of Maryland.
Lately he's felt like the bug. In July, when energy prices were sky-high and some pundits were predicting a continued rise, Mr. Riordan and his colleagues at Loyola flinched. They locked in a chunk of their electricity prices — about a quarter of the college's consumption — to cover the
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Finance
