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

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Business,Kris Kobach

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

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.

The lawsuits, the first by the state against natural gas operators over profits reaped during the storm, were filed in Osage County, Oklahoma, against Dallas-based ET Gathering & Processing, which acquired Enable Midstream Partners in 2021, and Houston-based Symmetry Energy Solutions.

“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."in federal court in December against a natural gas marketer operating in that state.

 

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