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They ask for an investigation into the rise of natural gas prices in the US

A Democratic senator called for federal investigations into a possible excessive increase in the price of natural gas in the north-central region and other parts of the United States after severe winter storms that plunged Texas and other states into extremely low temperatures caused blackouts in million homes and businesses.

Sen. Tina Smith of Minnesota said current natural gas prices soared up to 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs, many of which they were absorbed by customers.

In a letter sent to federal regulators on Saturday, Smith noted that rising prices will not only affect consumers, but could “threaten the financial stability of some utility companies that do not have sufficient cash reserves to support them. cover your short-term costs in this extraordinary event ”.

The letter was sent to the Department of Energy, the Federal Energy Regulatory Commission and the United States Commodity Futures Trading Commission. The Associated Press obtained a copy of the letter.

The extreme weather conditions forced the population from Mississippi to Minnesota to increase the use of their electric heaters and pushed the demand for electricity to a level beyond the worst-case scenario considered by the operators of the electric networks.

At the same time, many gas-fired electric power plants in Texas and other states were shut down in the face of freezing conditions, and some plants apparently suffered fuel shortages as demand for natural gas increased across the country.

More than 70 deaths in the United States have been attributed to the storms.

in

They ask for an investigation into the rise of natural gas prices in the US

A Democratic senator called for federal investigations into a possible excessive increase in the price of natural gas in the north-central region and other parts of the United States after severe winter storms that plunged Texas and other states into extremely low temperatures caused blackouts in million homes and businesses.

Sen. Tina Smith of Minnesota said current natural gas prices soared up to 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs, many of which they were absorbed by customers.

In a letter sent to federal regulators on Saturday, Smith noted that rising prices will not only affect consumers, but could “threaten the financial stability of some utility companies that do not have sufficient cash reserves to support them. cover your short-term costs in this extraordinary event ”.

The letter was sent to the Department of Energy, the Federal Energy Regulatory Commission and the United States Commodity Futures Trading Commission. The Associated Press obtained a copy of the letter.

The extreme weather conditions forced the population from Mississippi to Minnesota to increase the use of their electric heaters and pushed the demand for electricity to a level beyond the worst-case scenario considered by the operators of the electric networks.

At the same time, many gas-fired electric power plants in Texas and other states were shut down in the face of freezing conditions, and some plants apparently suffered fuel shortages as demand for natural gas increased across the country.

More than 70 deaths in the United States have been attributed to the storms.