Report: Natural Gas Companies Artificially Constrained Supply, Costing New Englanders Billions
Photo by keifer.miller via Creative Commons
New England electricity consumers paid billions of dollars more than necessary over a three-year period. That’s the conclusion of an academic analysis sponsored by a national environmental group that suggests that natural gas suppliers withheld fuel capacity needed for electric generation at key moments on the coldest days — to the benefit of the companies’ affiliates.
But some industry players and observers are skeptical at best, while one utility named in the report is calling it an outright fabrication.