APGA Requests CFTC Initiate Market Investigation

By Renée Lani posted 19 days ago

On March 26, APGA sent a letter with the American Public Power Association (APPA) to the Commodity Futures Trading Commission (CFTC), requesting an investigation into the high natural gas prices experienced in the central U.S. over President’s Day weekend as a result of Winter Storm Uri. 

Similar to the letters APGA sent to the Federal Energy Regulatory Commission (FERC) and the Department of Energy (DOE) in February and Congress recently, the letter to CFTC details the challenges public utilities have faced as a result of the historic natural gas prices and requests an evaluation of whether any wrong-doing took place in the markets.  APGA believes these investigations are in the public interest and will further help to determine whether the market operated in a manner consistent with the public good, whether laws were broken and what, if any, measures could be put in place to prevent this from happening in the future.

APGA staff remains a resource and continues to explore potential relief options for impacted members.  The APGA-APPA letter to CFTC can be found here.

For questions on this article, please contact Renée Lani of APGA staff by phone at 202-464-0836 or by email at rlani@apga.org.