Hoecker Talks to Trade Groups About 'Price Manipulation'
FERC Chairman James J. Hoecker held a teleconference last
Thursday with officials from three trade associations representing
interstate pipelines, major producers and independent producers to
discuss spiraling natural gas prices.
He voiced concerns about "potential price manipulation" in the
gas market, and he wanted to know whether companies were "engaging
in unnecessary profits," an informed source told NGI. Hoecker
indicated the Commission plans to do either a study or report on
"who's making the money during the California crisis" in both the
gas and electricity markets, he said.
Participating in the three-way teleconference were
representatives from the Interstate Natural Gas Association of
America, the Natural Gas Supply Association and the Independent
Petroleum Association of America.
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