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

37 pointsby kc0bfvover 3 years ago

4 comments

kc0bfvover 3 years ago
A bit of a follow on from an earlier article:<p>Texas gov knew of natural gas shortages days before blackout, blamed wind anyway<p><a href="https:&#x2F;&#x2F;arstechnica.com&#x2F;tech-policy&#x2F;2021&#x2F;05&#x2F;texas-gov-knew-of-natural-gas-shortages-days-before-blackout-blamed-wind-anyway&#x2F;" rel="nofollow">https:&#x2F;&#x2F;arstechnica.com&#x2F;tech-policy&#x2F;2021&#x2F;05&#x2F;texas-gov-knew-o...</a><p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27234151" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27234151</a>
peter303over 3 years ago
Colorado utilities are trying to pass on a half billion dollar gas price surcharge from the same week as the Texas disaster.
klyrsover 3 years ago
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.
peter303over 3 years ago
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.
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