Connecticut PURA: EDF Lied About Utilities Manipulating Gas Mkts

In October 2017, the radical Environmental Defense Fund (EDF) published a “report” that makes the preposterous claim that New England customers have overpaid utility bills by $3.6 billion due to collusion between the natural gas and electricity industries (see EDF Accuses New England Gas Utilities of $3.6B Market Manipulation). The report said New England utility companies Eversource and Avangrid intentionally manipulated the flow of gas along the Algonquin natural gas pipeline by placing and later withdrawing orders, in order to spike the cost of gas which then spiked the cost of electricity generated by the resulting higher cost of gas. It is a totally made-up, false report. So said the Federal Energy Regulatory Commission in February (see FERC Dismisses EDF Claim New England Utilities Manipulated Gas Mkt). And now, so too says the Connecticut Public Utilities Regulatory Authority (PURA). They find “no evidence” of collusion to jack up prices.

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