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

by kc0bfvon 11/13/2021, 3:06 PMwith 5 comments

by kc0bfvon 11/13/2021, 3:08 PM

A bit of a follow on from an earlier article:

Texas gov knew of natural gas shortages days before blackout, blamed wind anyway

https://arstechnica.com/tech-policy/2021/05/texas-gov-knew-o...

https://news.ycombinator.com/item?id=27234151

by peter303on 11/13/2021, 9:42 PM

Colorado utilities are trying to pass on a half billion dollar gas price surcharge from the same week as the Texas disaster.

by klyrson 11/13/2021, 11:35 PM

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.

by peter303on 11/13/2021, 9:45 PM

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.