Oklahoma AG sues natural gas companies over winter storm price hikes

Oklahoma’s Republican Attorney Normal Gentner Drummond filed lawsuits on Wednesday from two Texas-centered pure gasoline firms above their purpose in soaring gasoline price ranges during Winter season Storm Uri in 2021.

The lawsuits, the to start with by the point out against purely natural gas operators about profits reaped throughout the storm, were being filed in Osage County, Oklahoma, against Dallas-based ET Gathering & Processing, which obtained Allow Midstream Partners in 2021, and Houston-based Symmetry Electricity Remedies.

The lawsuits allege Permit and Symmetry made use of many methods to lessen organic gasoline provides and push up the selling price throughout the devastating storm that despatched temperatures plummeting throughout the place and left millions of individuals devoid of electric power.

“I think the degree of fraud perpetrated on Oklahomans in the course of Wintertime Storm Uri is each staggering and unconscionable,” Drummond claimed in a assertion. “Even though several businesses performed on their own over board through that making an attempt time, our examination implies that some undesirable actors reaped billions of pounds in unwell-gotten gains.”

Messages seeking remark remaining with ET and Symmetry had been not promptly returned.

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Kansas Attorney Typical Kris Kobach submitted a related lawsuit in federal court in December against a purely natural gas marketer operating in that condition. In Texas, which was also tricky strike by Winter season Storm Uri, the electrical utility Griddy Strength reached a settlement with condition regulators there about crushing electric charges its prospects acquired all through the deadly wintertime storm.