CPS Energy seeking jury trial in case over 'unconscionable prices' for gas during Winter Storm Ur

Sara DiNatale | Source: San Antonio Express News | Posted 05/04/2024

CPS Energy’s legal battles over bills for high-priced natural gas it bought during Winter Storm Uri are still being fought three years later, with the city-owned utility now seeking a jury trial to hear arguments about suppliers it says were price gouging and engaging in other improper practices.

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CPS Energy is engaged in legal battles over high-priced natural gas bills from Winter Storm Uri, seeking a jury trial to address claims of suppliers engaging in price gouging. The storm led to extensive power outages, damages to the Texas electric grid, and fatalities in Texas. CPS Energy incurred approximately $850 million in costs during the storm, passing these expenses on to customers over the next 20 years, with ongoing litigation against Texas pipeline companies.

The disputes center on the companies' demands for payment from CPS Energy, while CPS argues that suppliers took advantage of the storm to charge excessively. The utility alleges that prices spiked by over 12,000% during the storm, presenting them with a difficult choice between paying exorbitant prices or leaving customers without gas. Both sides are awaiting a judge's ruling on how the cases will proceed, as CPS continues its fight to protect customers from what they deem as unfair billing practices by suppliers.

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Source Link: https://www.expressnews.com/business/article/cps-energy-seeks-trial-unconscionable-gas-19433948.php

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CPS Energy seeking jury trial in case over 'unconscionable prices' for gas during Winter Storm Ur

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