The governor asked the Federal Energy Regulatory Commission to assess whether market manipulation or anticompetitive behavior contributed to rate hikes.
Gov. Gavin Newsom wrote a letter Monday to the Federal Energy Regulatory Commission urging it to investigate wholesale prices of natural gas in California and other Western states., addressed to FERC Chairman Willie Phillips, Newsom cited a sharp rise since late November that has left Californians squeezed.
“These wholesale natural gas price increases were exacerbated by early cold weather in the Western states,” Newsom wrote, “but those known factors cannot explain the extent and longevity of the price spike.”and businesses, the letter listed sectors that have been adversely affected by higher prices for natural gas: industrial, agricultural, water and wastewater utilities.
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