AG Drummond hopes lawsuit against natural gas marketers will recover billions for Oklahomans
Drummond said billions of dollars are owed to Oklahomans for 2021 rate hikes Oklahoma Attorney General Gentner Drummond plans to file a lawsuit against oil and natural gas marketers in 2021, aiming to recover billions for Oklahomans. The lawsuit will focus on the cause of natural gas prices spike in February 2021, which was caused by an electratic issue. Drummond believes billions of dollars are owed to Oklahoma for the 2021 rate hikes. The attorney general's unit is on the job to investigate any type of manipulation or increase in price to utility companies that would cause an increase in consumer costs. He also plans to take steps to prevent future price hikes due to more winter weather.
Published : 4 months ago by https://www.facebook.com/MeccaRaynekoco, Mecca Rayne in Environment
SAFELY. OFFICIALS SAY THE CAUSE WAS ELECTRICAL. STRONG WORDS DETAILING A STERN WARNING FROM OUR STATE ATTORNEY GENERAL. I WILL NOT PERMIT UNSCRUPULOUS ACTORS TO EXPLOIT OKLAHOMA ON MY WATCH TONIGHT, WE’RE HEARING MORE ABOUT A LAWSUIT THE AG IS FILING AGAINST OIL AND NATURAL GAS MARKETERS STEMMING FROM WINTER STORMS IN 2021, WHEN YOU’LL REMEMBER, GAS AND OIL SPIKED IN PRICE, SAYING THAT WON’T HAPPEN. THIS GO AROUND WITH THE LIKELIHOOD OF SEVERE WINTER WEATHER KICKING OFF IN LESS THAN 24 HOURS. WE BELIEVE THAT WE HAVE AN EXCELLENT AND BEGINNING OF A LAWSUIT THAT WOULD GIVE GREAT RECOVERY TO OKLAHOMA IN THE MAGNITUDE OF SEVERAL BILLION DOLLARS. THE ATTORNEY GENERAL SAYING THAT RECOVERY IS OWED TO OKLAHOMANS FOR RATE HIKES RIGHT AFTER THE ICE STORM IN FEBRUARY OF 2021. IT ROCKED OKLAHOMA DOWNED TREES, ICY ROADS, ACCIDENTS AND A LOSS OF POWER FOR DAYS. FOR MANY. AND ON TOP OF ALL THAT, A CHANGE IN RATES REALLY HIT HOMEOWNERS HARD AND NOW, IN THE NEW YEAR, MUCH OF OKLAHOMA WILL BE FACED WITH EXTREMELY COLD TEMPERATURES AND POSSIBLY SNOW. AND THAT IS THEN. TODAY IS TODAY. AND THAT’S WHY YOU’RE TALKING TO ME. AND WE ARE, YOU KNOW, FACING ANOTHER. WEEKEND OF EXTREME TEMPERATURES. AND, YOU KNOW, THAT’S WHY WE DID THE PRESS RELEASE. WE WANT UTILITY CONSUMERS IN OKLAHOMA TO KNOW THAT THE ATTORNEY GENERAL AND HIS CONSUMER PROTECTION UNIT IS ON THE JOB, AND WE ARE LOOKING FOR ANY TYPE OF MANIPULATION OF, UH, NATURAL GAS MARKETING AND PRICING THAT WOULD CAUSE AN INCREASE IN PRICE TO THE UTILITY COMPANIES AND SUBSEQUENTLY AN INCREASE OF COST TO THE CONSUMER, MAKING SURE ANYONE LOOKING TO TAKE ADVANTAGE OR MANIPULATE CUSTOMERS THROUGH UTILITY COMPANIES KNOWS HIS TEAM IS READY TO RESPOND TO THE RATEPAYER, TO THE UTILITY PROVIDER OUT THERE, BE ON GUARD. UM, IF THERE’S, YOU KNOW, MIDDLE MAN MARKETERS THAT ARE BRAZEN ENOUGH TO AGAIN MANIPULATE OKLAHOMA, IT WILL NOT HAPPEN UNDER MY WATCH. WE WILL BE ON YOU AS FAST AS POSSIBLE SAYING THAT KIND OF DISHONEST BEHAVIOR IS NOT ACCEPTABLE HERE. PROVIDER. THAT’S GOING TO SAY, OH, EXTREME WEATHER, SET ASIDE YOUR CONTRACT AND WE’RE GOING TO TAKE ADVANTAGE OF OKLAHOMA. NO, YOU HAVE TO GO TO KANSAS AND TEXAS
AG Drummond hopes lawsuit against natural gas marketers will recover billions for Oklahomans Drummond said billions of dollars are owed to Oklahomans for 2021 rate hikes Oklahoma Attorney General Gentner Drummond gave more details on his plan to file a lawsuit against natural gas marketers following a 2021 winter storm.| MORE | Oklahoma Natural Gas says steps have been taken to prevent price hikes due to winter weatherAfter natural gas prices spiked in February 2021, Drummond said he is taking steps to make sure this doesn't happen with more winter weather expected this weekend. "I believe we have an excellent beginnings of a lawsuit that would give great recovery to Oklahoma in the magnitude of several billion dollars," Drummond said. Drummond said billions of dollars are owed to Oklahomans for these rate hikes. The 2021 storm caused icy roads, car collisions and loss of power for days. On top of all of this, the change in rates hit homeowners hard. "We want utility consumers in Oklahoma to know that the attorney general and his Consumer Protection Unit is on the job. We are looking for any types of manipulation of natural gas marketing or pricing that would cause an increase in price to utility companies and subject an increase in cost to the consumer," Drummond said. He said he plans to make sure anyone looking to take advantage or manipulate customers through utility companies knows his team is ready to respond. "Be on guard if there's middlemen marketers that are brazen enough to again manipulate Oklahoma," Drummond said. "It will not happen on my watch."He said this kind of dishonest behavior is unacceptable in the state. "You have to go to Kansas and Texas for that behavior. Oklahoma will pay its contract," Drummond said. Top HeadlinesSeries of earthquakes felt throughout Oklahoma City metroThese cities will be in the path of totality for the 2024 solar eclipseDrake reschedules 2 shows at Paycom Center in Oklahoma CityIncredible video: Vermont trooper pulls off incredible rescue after girl falls through ice into pondMale victim taken to hospital after being shot in northwest Oklahoma City Oklahoma Attorney General Gentner Drummond gave more details on his plan to file a lawsuit against natural gas marketers following a 2021 winter storm. | MORE | Oklahoma Natural Gas says steps have been taken to prevent price hikes due to winter weather After natural gas prices spiked in February 2021, Drummond said he is taking steps to make sure this doesn't happen with more winter weather expected this weekend. "I believe we have an excellent beginnings of a lawsuit that would give great recovery to Oklahoma in the magnitude of several billion dollars," Drummond said. Drummond said billions of dollars are owed to Oklahomans for these rate hikes. The 2021 storm caused icy roads, car collisions and loss of power for days. On top of all of this, the change in rates hit homeowners hard. "We want utility consumers in Oklahoma to know that the attorney general and his Consumer Protection Unit is on the job. We are looking for any types of manipulation of natural gas marketing or pricing that would cause an increase in price to utility companies and subject an increase in cost to the consumer," Drummond said. He said he plans to make sure anyone looking to take advantage or manipulate customers through utility companies knows his team is ready to respond. "Be on guard if there's middlemen marketers that are brazen enough to again manipulate Oklahoma," Drummond said. "It will not happen on my watch." He said this kind of dishonest behavior is unacceptable in the state. "You have to go to Kansas and Texas for that behavior. Oklahoma will pay its contract," Drummond said.
• These cities will be in the path of totality for the 2024 solar eclipse
• Incredible video: Vermont trooper pulls off incredible rescue after girl falls through ice into pond
• Male victim taken to hospital after being shot in northwest Oklahoma City
Topics: Lawsuits, ESG