Oklahoma Lawsuit Targets Natural Gas Companies Over Winter Storm Uri Price Gouge
A five-year-old lawsuit related to Winter Storm Uri is moving closer to trial in Oklahoma. The case centers on price increases for natural gas during the storm, which brought extreme cold and snow to the state in February 2021. Gas prices at regional trading hubs climbed above $1,200 per thousand cubic feet, up from around $3 before the storm.
The state later launched legal action against natural gas marketers and pipeline operators, alleging that some companies improperly increased prices during the emergency. The defendants have denied wrongdoing, challenging the allegations and questioning the evidence supporting the state's claims.
On September 28, 2026, an Osage County judge ruled that NextEra Energy Marketing was liable for price-gouging during Winter Storm Uri, setting the stage for a trial focused on damages. The state is seeking financial recovery linked to the alleged conduct during the storm.