CPS Energy to pay around $400M for Winter Storm Uri gas

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CPS Energy alleged that Energy Transfer’s subsidiaries engaged in “unlawful and unconscionable price gouging” for natural gas, but a judge ruled against the utility.

Published July 7, 2026

Pike Electric service trucks line up after Winter Storm Uri on Feb. 16, 2021, in Fort Worth, Texas. CPS Energy filed suit against two Energy Transfer subsidiaries in March 2021, a month after Winter Storm Uri, alleging that they had used the storm as pretext to price gouge and displayed “predatory behavior.”

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