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Texas Utility Makes Case Pipelines Set ‘Unconscionable' Prices [Yahoo! Finance]
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storm in 2021, attorneys for the nation's largest municipally owned electric and gas utility argued in a San Antonio courtroom. Another pipeline firm commanded an unusually large trading position during the deep freeze that drove up index prices used by the broader market, lawyers for CPS Energy said. Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses Fed to Signal Delay of Interest-Rate Cuts Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power Amazon Posts Biggest Cloud Sales Growth in Year on AI Demand In the three years since Winter Storm Uri claimed at least 246 lives across 77 Texas counties, CPS Energy has refused to pay around $350 million of outstanding bills to units of the two pipeline companies — Energy Transfer LP and Enterprise Products Partners LP — while claiming they unfairly inflated prices during the statewide energy crisis. Last week during a conso
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