It is no surprise the Imperial Irrigation District lost its bid to purchase interest in a gas well field. It was fairly obvious IID was going to bid conservatively since this was the district's first time venturing into the business of supplying its own natural gas.
Still, the IID board deserves credit for looking at new ways to keep down the cost of power.
We would have liked to have received more information on the bidding process, although we understand the district had to be careful with some details.
IID has gained much from the effort. First, the district has developed crucial knowledge should it decide it wants to bid on another natural gas well field. Second, the board has discovered there are more ways than first thought to address the district's natural gas needs.
The district depends on natural gas to run its power plants, and those plants will be running at full steam as temperature crosses the 100-degree mark and people switch on their air conditioners. The goal is to find low-cost natural gas as the spot market is facing high prices that can lead to higher power bills.