15 unchanged sentences
Power is supplied to Grundartangi from hydroelectric and geothermal sources under long-term power purchase agreements.
−Removed: These power purchase agreements, which will expire on various dates from 2023 through 2036 (subject to extension), primarily provide power at LME-based variable rates.
−Removed: The price of approximately 30% of Grundartangi's power requirements is linked to the market price for power in the Nord Pool power market.
+Added: These power purchase agreements, which will expire on various dates from 2026 through 2036 (subject to extension), currently primarily provide power at LME-based variable rates.
+Added: At this time, the price of approximately 30% of Grundartangi's power requirements is linked to the market price for power in the Nord Pool power market.
From time to time, we may manage our exposure to fluctuations in the market price of power through financial instruments designed to protect our downside risk exposure.
30 unchanged sentences
Fair Values and Sensitivity Analysis
−Removed: The following tables present the fair value of our derivative asset and liabilities as of March 31, 2021 and the effect on the fair value of a hypothetical ten percent (10%) adverse change in the market prices in effect at March 31, 2021.
+Added: The following tables present the fair value of our derivative asset and liabilities as of June 30, 2021 and the effect on the fair value of a hypothetical ten percent (10%) adverse change in the market prices in effect at June 30, 2021.
Our risk management activities do not include any trading or speculative transactions.
1 unchanged sentence
Commodity contracts (1)
−Removed: $ 14.4 $ (4.8)
Foreign exchange contracts (2)
5 unchanged sentences
Total $ 157.0 $ 208.4
−Removed: (1) Commodity contracts reflect our outstanding LME forward financial sales contracts, MWP forward financial sales contracts, fixed for floating swaps, and Nord Pool power price swaps.
+Added: (1) Commodity contracts reflect our outstanding LME forward financial sales contracts, MWP forward financial sales contracts, fixed for floating swaps, Nord Pool power price swaps and Indiana Hub power price swaps.
(2) Foreign exchange contracts reflect our outstanding FX swaps.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.