The probe will look into the reasons why natural gas prices soared — but it is scheduled to take up to three years to complete
but not before some customers bitterly complained that their bills more than doubled.
“I appreciate that the commodity prices are not under our jurisdiction, nor controlled by the utilities, and that the utilities do not make a profit off of the gas,” said. “However, we must question whether market fundamentals are sound and what additional circumstances influence the market.” However, according to the order passed on a 5-0 vote Thursday, the CPUC intends “to resolve this proceeding within 36 months.”“We better be able to get it done before 36 months,” Aguirre said. “Everybody will have forgotten about the cost increases if we’re three years down the road.”
But Aguirre, who plans to file to be a party to the proceeding, said he will argue for hearings and a ban oncommunications — any talks, discussions or electronic messages — between entities involved in the investigation.
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