Utilities can't blame inflation. The cost of wholesale natural gas across the country has dropped 50 percent in the past year, but here in California, it has gone up 63 percent during that same period.
Gov. Gavin Newsom calls for investigation into California's high natural gas pricesThe cost of natural gas has dropped across the country, but not here in California. Prices here have soared compared to a year ago, with some customers seeing a more than 300 percent hike in their bills.The California Public Utilities Commission will discuss this at a Tuesday hearing.
They sent a letter to the Federal Energy Regulatory Commission, or FERC, which is the federal agency in charge of regulating wholesale natural gas, to look into "...whether market manipulation, anti competitive behavior or other anomalous activities are driving these ongoing elevated prices."
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