US Senator Tina Smith Comments on Energy Cost Spikes

US Senator Tina Smith Comments on Energy Cost Spikes

February 26, 2021 News -- KRJB-KRJM-KKCQ 0

Washington, D.C. — More information is coming to light about how families are going to impacted financially following a spike in the price of natural gas as a result of the extreme cold in Texas and other parts of the central United States. That spike will soon be passed on to Minnesota customers, which US Senator Tina Smith says believes is a due to price gouging and is completely unacceptable.

Senator Smith earlier this week called for an investigation into the matter, which has now got underway by the Federal Energy Regulatory Commission. Smith asks that they look for possible price gouging, allocate natural gas supplies at fair prices, and examine options for possible financial assistance.

Senator Smith that Texas was again completely unprepared to handle the extreme cold, noting that this isn’t the first time they’ve had issues like this in the state.

Xcel Energy has estimated that the average customer in Minnesota and North Dakota could see an increase to the natural gas bills of between $200 and $300.