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

November 11, 2021
From KUT Austin
Excerpts from the article:

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.

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