NextEra Held Liable for Excessive Gas Prices During Winter Storm Uri

A recent court ruling in Oklahoma has shed light on the financial struggles faced by residents during Winter Storm Uri. The storm, which hit the central United States in February 2021, led to widespread outages and a surge in natural gas prices.

Oklahoma Attorney General Gentner Drummond's office has been investigating energy marketers who allegedly raised natural gas prices artificially during the crisis. NextEra Energy Marketing, one of the defendants, was found liable under Oklahoma law for selling natural gas at excessive prices.

The judge granted partial summary judgment to the state, finding NextEra liable under the Oklahoma Emergency Price Stabilization Act and the Oklahoma Consumer Protection Act. The case will now proceed to trial to determine damages, including alleged overcharges, restitution, and disgorgement.