Gavin Newsom, the governor of California, demanded on Monday that the federal government look into the recent rise in natural gas prices in the state as millions of families deal with skyrocketing utility bills for gas. Californians will also receive aid, according to the state.
Newsom asked the Federal Energy Regulatory Commission (FERC) to “immediately focus its investigatory resources on assessing whether market manipulation, anticompetitive behavior, or other anomalous activities are driving these ongoing elevated prices in the western gas markets” in a letter to the agency.
Additionally, credits of $90 to $120 will appear on gas and electricity bills as early as next month, relieving millions of Californians from their excessive utility bills.
To assist California families with rising gas prices, the California Public Utilities Commission (CPUC) decided to speed up the California Climate Credit on Thursday.
Beginning in March, consumers of PG&E, Southern California Edison, San Diego Gas & Electric, and Southern California Gas Company will receive a $90-$120 credit on their household utility bills.
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The accelerated credit will also be given to Bear Valley, Liberty, PacifiCorp, and Southwest Gas customers in varied amounts.
The CPUC and the California Energy Commission will hold an en banc hearing on Tuesday to examine the reasons behind and effects of the most recent natural gas price increase.
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We’re taking action right away to provide assistance to help with those excessive gas costs.” Newsom Calls For Federal Investigation Into High Gas Prices. “We are aware that this only offers a reprieve from skyrocketing prices.
Because of this, I’m requesting that the federal government exercise all of its power to look into the recent increase in natural gas prices and to take any necessary enforcement measures.
We’ll find out what’s happening because Californians have a right to know what’s causing these outrageous bills.”