Federal regulators open investigations into alleged price manipulation during Texas winter storm
Texans are paying the Abbotttax due to Abbott's failures. The energy companies are passing on to consumers the increased costs from Feb.2021. My bills were up $70 due to the Abbbotttax
I am glad that the feds are looking into this
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.