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California Governor Urges Federal Inquiry Into Surging Natural Gas Prices

February 7, 2023 by

In a letter to the Federal Energy Regulatory Commission (FERC), the agency responsible for regulating wholesale natural gas, Governor Newsom requested that the agency “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,” the governor’s office said in a statement on Monday.

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