Oklahoma AG files first lawsuits over alleged market manipulation during 2021 winter storm | News [Video]

OKLAHOMA CITY — Oklahoma Attorney General Gentner Drummond announced the first lawsuits against energy companies he says price-gouged after 2021’s Winter Storm Uri.

Drummond filed litigation against Enable entities (ET Gathering & Processing successor by merger to Enable Midstream Partners, Enable Oklahoma Intrastate Transmission, Enable Gas Transmission and Enable Energy Resources) and Symmetry Energy Solutions LLC.

Enable and Symmetry supplied natural gas and managed intrastate natural gas pipelines throughout Oklahoma during the 2021 winter storm. Their customers included the Grand River Dam Authority (GRDA), Oklahoma’s largest public power utility. Symmetry directly supplies natural gas to many of the state’s public schools, cities, counties and hospitals.

In a press release, the Oklahoma AG’s Office said Enable and Symmetry employed “a variety of tactics to drive up the index prices, including reduction of supply and submitting trades at unconscionable price levels” to charge GRDA exorbitant fees “dictated by the artificially inflated index …