Oklahoma sues natural gas companies over price spikes during 2021 winter storm

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Oklahoma,Legal Proceedings,General News

Oklahoma's attorney general is suing two Texas-based natural gas companies over soaring prices during Winter Storm Uri in 2021. Republican Gentner Drummond filed both lawsuits Wednesday in Osage County, Oklahoma. The defendants in the lawsuits are Dallas-based ET Gathering & Processing and Houston-based Symmetry Energy Solutions.

FILE - Oklahoma Attorney General Gentner Drummond stands during the playing of the national anthem at the inauguration ceremonies, Jan. 9, 2023, in Oklahoma City. Drummond filed lawsuits on Wednesday, April 10, 2024, against two Texas-based natural gas companies over their role in soaring gas prices during Winter Storm Uri in 2021.

Both lawsuits seek actual and punitive damages, as well as a share of any profits that resulted from wrongdoing. Oklahoma’s Republican attorney general, Gentner Drummond, said his office intends to pursue additional litigation against other companies that may have engaged in market manipulation. “I believe the level of fraud perpetrated on Oklahomans during Winter Storm Uri is both staggering and unconscionable,” Drummond said in a statement. “While many companies conducted themselves above board during that trying time, our analysis indicates that some bad actors reaped billions of dollars in ill-gotten gains.”

A Symmetry spokesperson said in a statement that the company “adamantly denies the unfounded allegations in the lawsuit, which it will vigorously defend.” A message seeking comment left with ET was not immediately returned. The lawsuits were filed in Osage County, Oklahoma.Two tribal nations sue social media companies over Native youth suicidesin federal court in December against a natural gas marketer operating in that state.

 

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Oklahoma attorney general sues natural gas companies over price spikes during 2021 winter stormOklahoma's attorney general is suing two Texas-based natural gas companies over soaring prices during Winter Storm Uri in 2021.
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