AUSTIN (WBAP/KLIF News) – Investigations into last month’s power crisis amid a severe winter storm are growing.
On Monday, Texas Attorney General Ken Paxton issued a Civil Investigative Demand to Intercontinental Gas Exchange, a natural gas exchange that saw massive price increases during the storm.
Paxton said expansions are typical as investigations reveal more information.
“As we learn more about what drove pricing spikes during the recent winter storm disaster, I am expanding the scope of my investigation to include the natural gas industry as well as electricity providers,” he said. “These massive price increases impacted businesses and consumers alike and will have long term effects on Texas. Hardworking Texans who pulled together to get their communities through this disaster deserve transparency and justice.”
The CID against Intercontinental Gas Exchange is the latest in a series of actions against energy companies in the wake of the power crisis. Click here to read the demand against IGE.
Paxton issues 12 CID’s to power companies including the Electric Reliability Council of Texas, Griddy Energy and La Frontera Holdings. Click here to read the CIDs.
Numerous Texas power companies are also facing massive bills themselves and lawsuits seeking billions of dollars related to the mass outages.
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