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Oklahoma sues 2 Texas natural gas companies over price spikes during 2021 winter storm

The lawsuits are Oklahoma's first against natural gas operators over earnings during the 2021 Winter Storm Uri. Photo by Lynn in Midtown via CultureMap

Two Texas-based natural gas companies are being sued by Oklahoma, which alleges they fraudulently reduced gas supplies to send prices soaring during Winter Storm Uri, making huge profits while thousands shivered across the state.

The lawsuits are Oklahoma's first against natural gas operators over earnings during the 2021 storm. The suits were filed against Dallas-based ET Gathering & Processing, which acquired Enable Midstream Partners in 2021, and Houston-based Symmetry Energy Solutions.

Both lawsuits seek actual and punitive damages, as well as a share of any profits that resulted from wrongdoing. Oklahoma's Republican attorney general, Gentner Drummond, said his office intends to pursue additional litigation against other companies that may have engaged in market manipulation.

“I believe the level of fraud perpetrated on Oklahomans during Winter Storm Uri is both staggering and unconscionable,” Drummond said in a statement. “While many companies conducted themselves above board during that trying time, our analysis indicates that some bad actors reaped billions of dollars in ill-gotten gains."

A Symmetry spokesperson said in a statement that the company "adamantly denies the unfounded allegations in the lawsuit, which it will vigorously defend.” A message seeking comment left with ET was not immediately returned. The lawsuits were filed in Osage County, Oklahoma.

The devastating storm sent temperatures plummeting across the country and left millions of people without power.

Kansas Attorney General Kris Kobach filed a similar lawsuit in federal court in December against a natural gas marketer operating in that state. In Texas, which was also hit hard by the deadly storm, the electric utility Griddy Energy reached a settlement with state regulators over crushing electric bills its customers received.

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A View From HETI

Reliant and GM Energy will be offering free nighttime charging for Chevrolet electric vehicle drivers that enroll in the new Reliant FreeCharge Nights. Photo via reliant.com

Reliant Energy and GM Energy are advancing a new renewable energy electricity plan that will “accelerate the clean energy journey for the two companies and their customers,” according to a news release.

Houston-based Reliant and GM Energy will be offering free nighttime charging for Chevrolet electric vehicle drivers that enroll in the new Reliant FreeCharge Nights.

The Reliant FreeCharge Nights plan will be available to existing and new Reliant electricity customers, and provides a monthly bill credit that offsets the energy charges incurred from charging the qualifying EV between 11 pm and 6 am. Customers must first designate one EV to receive the charging credit in their GM Energy Smart Charging Portal before signing up for the plan.

“As we continue to shape the future of EV charging and energy management for our customers, our work alongside Reliant in Texas is a sign of our commitment to working with industry leaders to facilitate more solutions that make EV adoption an easy decision,” Aseem Kapur, chief revenue officer, GM Energy, says in a news release. “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to build the ecosystem to support the all-electric future.”

Over 150 Chevrolet dealerships can now offer the plan to EV drivers upon vehicle purchase across Texas. The plan will be powered by 100 percent renewable energy through the purchase of renewable energy certificates (RECs) equal to the customer’s electricity usage.

“We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan,” Rasesh Patel, president, NRG Consumer, said in a news release.

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