The Polar Vortex of February 2021 sparked numerous lawsuits and multiple investigations at nearly every Government level. Consider Kansas.
The Kansas Attorney General is investigating the price spike and looking to enforce the states prohibition against anti-profiteering law.
However, the Kansas Corporation Commission (oversees regulatory matters) denied two motions of the anti-profiteering investigation.
Consider this statement from an oversight commission whose job includes ensuring open and fair price disclosure.
The commission said the consumer coalition “has not demonstrated that disclosure will benefit the public interest,” and release of the proprietary information has “great potential to harm current and future Kansas natural gas customers through higher purchased gas costs. A general argument in favor of transparency cannot outweigh this very real harm to customers.”
Yes, the commission responsible for regulatory oversight has said disclosure of pricing during the polar vortex COULD HARM customers. Mind you, the pricing has already been paid and this request is to see what contributed to the higher prices.
The principal role of a utility oversight board is to investigate pricing. Kansas Corporation Commission appears to stand alone in not wanting disclosure.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: Kansas AG says winter storm natural gas prices appear illegal (salina.com)