Texas Scorecard by Jacob Asmussen March 8, 2021
“Hardworking Texans who pulled together to get their communities through this disaster deserve transparency and justice.†As countless Texans continue to struggle as a result of last month’s historic winter storms and catastrophic power outages, the state’s top law enforcer is broadening his search for answers and is now investigating the monstrous spike of natural gas prices.
In a press release on Monday, Attorney General Ken Paxton announced he’s issued a civil investigative demand to Intercontinental Gas Exchange, “a natural gas exchange that saw massive price increases during the February winter storm that swept through Texas.â€
“The [Consumer Protection] Division believes that Intercontinental Exchange, Inc. may be in possession, custody, or control of documentary material relevant to an investigation of possible violations of [the Texas Deceptive Trade Practices Act] with respect to possible price gouging in the natural gas industry in the State of Texas during the month of February 2021,†read the investigative demand.
Paxton is requiring them to hand over documents related to the February storm, such as any communications with business participants about the “rapidly escalating natural gas prices†during that time, and any communications with government officials about the price investigation. Reports say that during the arctic storm, natural gas prices in various parts of Texas and the country soared by thousands of percentages.
More:
https://texasscorecard.com/state/texas-ag-expands-power-grid-investigation/