California’s Newsom Seeks Federal Probe Into Soaring Natural-Gas Prices
California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills.
Newsom, a Democrat, asked the Federal Energy Regulatory Commission in a letter to look into whether market manipulation, anticompetitive behavior or other activities have driven up the cost of gas in the US West, according to a statement Monday.
The call for a probe comes after the wholesale price of natural gas in Southern California soared to more than nine times that of US natural gas benchmark futures in December, prompting California utilities to warn of shockingly high bills. Several factors have contributed to the soaring prices including colder-than-normal weather, reduced pipeline capacity due to maintenance and low gas storage levels in the US West.
PG&E and Sempra Energy’s Southern California Gas Co., two of the state’s biggest gas utilities, said they support Newsom’s call for an investigation. The utilities said they don’t set the price of gas and its cost is passed along to customers without a markup.
State energy regulators are scheduled to hold a hearing on Tuesday to examine the causes and impacts of the elevated gas rates. Last week, state regulators voted to speed up payouts of credits ranging from $90 to $120 to help offset high utility bills.
“Now is the time to identify the causes of the alarmingly high gas bills that are affecting millions of Californians,” said Matt Baker, director of the Public Advocates Office, a division of the California Public Utilities Commission. “We need a better understanding of whether any profiteering or market manipulation has occurred.”
https://www.bnnbloomberg.ca/california-s-newsom-seeks-federal-probe-into-soaring-natural-gas-prices-1.1880194
He'd like that (a probe) and now that they have moved the first primary to South Carolina he'll be making moar noises on muh reparations now to appeal to the much larger black vote in SC as opposed to NH where it was-totally gonna be Newsome and DeSantis in '24 and they prolly won't even allow 45 on the ballot this time…watch
He and his family have fucked up California for decades (adopted by the Getty's) along with being connected to Pelosi's family and although San Fransisco was well on it's way to being ruined he made it a whole lot worse during his stint as mayor-even broke his dick according to a Dr fren
(anon had a front row seat to SF's destruction live there for almost 30 years)
np rabbi
"unnamed source"
They (all Military ACs) have the option to turn on the transponder or not so go ahead and make up moar lies
SAM010 C-40B back to JBA from San Jose, Costa Rica stop of about 90m
Stopped at Miami Int'l for about 3 h on the way south earlier today
This is a State Dept AC (#01-0040)
Costa Rica says China apologizes for balloon 'incident' over its airspace
https://www.dailymail.co.uk/wires/reuters/article-11720501/Costa-Rica-says-China-apologizes-balloon-incident-airspace.html
>Eat a bag of dicks Pentagon
NYSE Plans to Compensate Brokerage Claims After Glitch
The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified.
NYSE members had submitted compensation claims for losses, and the exchange could potentially face additional claims from regulators, New York Stock Exchange-owner Intercontinental Exchange Inc said earlier this month.
"In accordance with our rules, we expect to reimburse members 100% for all impacted orders that were received by the exchange," an NYSE spokesperson said in an emailed statement.
"This is part of the protections that come with trading on a transparent, public exchange."
Bloomberg News, which first reported the exchange's move, said the NYSE has notified clients in recent days that it will cover all losses for orders posted or routed to NYSE, while loss-making trades triggered on other venues will not be covered. The bourse will only reimburse roughly 60% of the claims filed, one of three sources told Bloomberg News. Retail brokerages submitted thousands of claims to NYSE, seeking compensation for the losses incurred due to a trading glitch on Jan. 24, including brokerages like Charles Schwab and Virtu Financial, Bloomberg reported last week.
https://money.usnews.com/investing/news/articles/2023-02-06/nyse-plans-to-compensate-brokerage-claims-after-glitch