Natural gas customers in Texas get stuck with $3.4B cold-snap surcharge

by kc0bfv on 11/13/2021, 3:06:03 PM with 5 comments

  • by kc0bfv on 11/13/2021, 3:08:12 PM

    A bit of a follow on from an earlier article:

    Texas gov knew of natural gas shortages days before blackout, blamed wind anyway

    https://arstechnica.com/tech-policy/2021/05/texas-gov-knew-o...

    https://news.ycombinator.com/item?id=27234151

  • by peter303 on 11/13/2021, 9:42:48 PM

    Colorado utilities are trying to pass on a half billion dollar gas price surcharge from the same week as the Texas disaster.

  • by klyrs on 11/13/2021, 11:35:17 PM

    Meanwhile Oklahoma Natural Gas is hoping to charge a $1400 fee to disconnect gas service, or an $8 monthly surcharge for the next 25 years, to make up their losses this winter.

  • by peter303 on 11/13/2021, 9:45:29 PM

    I wonder who made a fortune from the Feb 2021 price surge? Spot market contracts have a counter party who bets prices will go the other way.