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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFederal regulators open investigations into alleged price manipulation during Texas winter storm
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https://www.wfaa.com/article/news/local/texas/federal-regulators-open-investigations-into-alleged-price-manipulation-texas-winter-storm/287-dfd55b11-c77a-4149-b377-f87b262cf72d?s=09
MIDLAND, Texas Months after the February 2021 winter storm left millions in the dark and cost several hundred people their lives, federal regulators have announced that theyre investigating the actions of two natural gas companies.
Investigators from the Federal Energy Regulatory Commission are looking to determine if the companies manipulated prices during the crisis. If found to have done so, the companies could face stiff civil penalties.
Regulators did not release the names of the companies.
In a November report, regulators said auditors have reviewed more than 2,000 natural gas transactions, resulting in auditors conducting 10 inquiries into natural gas market participant behavior during the cold snap.
Auditors closed seven of the inquiries, referred two for investigation and continued to investigate one, the report said.
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Federal regulators open investigations into alleged price manipulation during Texas winter storm (Original Post)
Nevilledog
Dec 2021
OP
Shirley it's not that big gas firm that gov Abbut a million dollar campaign contribution...
Comfortably_Numb
Dec 2021
#2
UTUSN
(70,695 posts)1. K& big R#5 for, 11 months later, in time for ABBUTT's coming inaction freeze
Comfortably_Numb
(3,807 posts)2. Shirley it's not that big gas firm that gov Abbut a million dollar campaign contribution...
No way,
MagickMuffin
(15,942 posts)3. but But BUT, What about the Wind Farms?
From my understanding the wind farm were the culprits.
All the other resources were pulling ALL the weight.
I was a victim of the storm, however, not part of the price gouging. Ya know they have to gouge us normal folk, so they can bribe the politicians, ABBOTT is the biggest winner of natural gas lobbying. He does as he is told.