Texas Utility Sues Suppliers for Price-Gouging After February Storm
- CPS Energy disputes at least hundreds of millions in charges
- Skyrocketing energy prices during storm may lead to more suits
Photographer: Ron Jenkins/Getty Images
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The first lawsuits protesting exorbitant gas prices during February’s historic deep freeze have begun.
CPS Energy, a Texas utility, is suing energy giants including BP Energy Co., Chevron Corp. and Energy Transfer. CPS supplies over 1.1 million customers in the San Antonio area with power and gas, and is disputing charges amounting to hundreds of millions of dollars at a minimum in 13 lawsuits.