Texas regulators approve higher gas bills to pay out companies’ winter storm-related profits

“The legislature could have agreed to spend some amount of state money … to just help utility customers that are struggling with their utility bills,” said Virginia Palacios, executive director of Commission Shift, a group pushing for reform of the Railroad Commission. “They completely passed on that.”

“The companies that profited the most from this [winter storm] were Energy Transfer and Enterprise Products Partners. Railroad Commissioner Christi Craddick holds beneficial interests in both of those companies,” Palacios said, citing a series of reports her group recently released on conflicts of interest at the commission.

Read Full Article

Related News