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LetMyPeopleVote

(144,928 posts)
Fri Dec 31, 2021, 10:37 PM Dec 2021

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 they’re 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) LetMyPeopleVote Dec 2021 OP
Today Abbott asked the Fed Govt for help with Covid. BigmanPigman Dec 2021 #1
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