California utility regulators got a detailed look on Tuesday at what caused the natural gas price spike that pushed up San Diego utility bills this winter. But the panel did not offer any new relief.
That demand drove down inventories, which drove up prices. Pipeline repairs also restricted the flow of natural gas to Southern California.
“Frankly, we don’t know all of the pieces of the puzzle, and this issue is critically important and needs to be examined further,” Busching Reynolds said.Busching Reynolds pointed out that it is not only a state issue, but it affects much of the western United States. California regulators have opened a dialogue with other states to monitor the situation and bring some price stability to customers.
“High gas prices haven’t affected the reliability of the system,” said Becky Robinson, an economist at the , the agency that runs the state’s electricity grid. “It is not a question of whether you can get the gas, it's just a matter of how much you will pay.”Governor Gavin Newsom on Monday called on theto investigate the recent price spikes. He says the agency should find out if there was any market manipulation or other anti-competitive behavior.
The California Public Utilities Commission and the agency’s independent Public Advocate’s office also asked federal officials to look into the unusually high spike in the cost of natural gas in Southern California.
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