Gavin Newsom is asking the feds to investigate California gas prices

Read Time:1 Minute, 43 Second

On Monday, Gov. Gavin Newsom asked the federal government to investigate why Californians are seeing unusually high natural gas bills this winter.

In the letter to the Federal Energy Regulatory Commission, the California Democrat asked that the agency assess “whether market manipulation, anticompetitive behavior or other abnormal actions” are causing prices to rise in the western U.S.

Families across California are opening their utility bills to discover staggering charges. Since October, wholesale prices for natural gas have increased by 63% Bloomberg reports.

​​​​​​While an early burst of cold winter weather contributed to the spike, Newsom said it “cannot explain the extent and durability of the price spike.”

The California Public Utilities Commission voted last week to accelerate the issuance of loans to help Californians struggling to pay their high utility bills. But in a statement Monday, Newsom acknowledged that it would provide “only temporary relief from rapidly rising bills.”

“That’s why I’m asking the federal government to use its authority to investigate the spike in natural gas prices and take whatever enforcement action is necessary,” Newsom said in a statement. “We’re going to get to the bottom of this because Californians deserve to know what’s behind these exorbitant bills.”

Newsom’s request to investigate wholesale natural gas companies comes as he also tries to fend off recent spikes in gasoline prices.

The Democratic governor has launched a campaign to impose fines on oil companies when their refinery profits exceed a certain threshold and to use the revenue to provide rebates to consumers. Last year, Newsom called for a special session to consider the proposal, but lawmakers have yet to make significant progress.

This story was originally published February 6, 2023 at 2:57 p.m.

Related stories from the Sacramento Bee

Maggie Angst covers California politics and Governor Gavin Newsom for The Sacramento Bee. Before joining The Bee’s Capitol Bureau, she worked at the Mercury News and the East Bay Times, where she covered San Jose City Hall and later wrote corporate stories in the breaking news team.

Source by [author_name]

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Actor Jim Carrey is listing a surreal ranch house in California
Next post The Stanislaus Animal Shelter is holding a unique Valentine’s Day fundraiser