ABBOTT RECEIVED MASSIVE CONTRIBUTION FROM TEXAS BLACKOUT’S BIGGEST PROFITEER
...Natural gas companies were the biggest winners from the power outages —collectively raking in about $11 billion during the storm—in large part because the natural gas systems that supply so much of the state’s power grid are almost entirely unregulated. With hardly any oversight or transparency, gas suppliers can get away with setting exponentially high prices during energy crises—amounting to what critics say is legal price gouging. “This is one of the biggest problems that no one is talking about, and Kelcy Warren certainly doesn’t want people talking about it,” says Doug Lewin, an energy expert and president of Stoic Energy.
“The focus continues to be on ERCOT and the PUC and not on the gas system and Railroad Commission,” Lewin says. “That’s a huge benefit to the ONG industry as a whole and a huge detriment to Texans.”...