Fixed and Index Combination

The Fixed and Index Combination product allows customers to hedge using both fixed and market prices. The fixed price will apply to a specified quantity of customer load that the customer and Hess determine jointly. Hourly usage over or under the specified quantity will be priced based on an index of the customer's choice (refer to Indexed Price Product). Fixed and Index Combination products are most beneficial to customers who wish to manage price risk by purchasing a block of energy at a single price, while maintaining some market participation for the amount of usage beyond the specified block.

Benefits:

• Retain some ability to participate in the event of a declining electricity market
• Maintain flexibility with production scheduling