California regulator probes high winter natural gas prices

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Daily spot prices of natural gas in December at key western trading hubs exceeded every other U.S. market, including the benchmark, due to cold weather, high…

Calgren's renewable fuels facility that cleans dairy methane into natural gas is shown in Pixley, California, U.S., October 2, 2019. Picture taken October 2, 2019. REUTERS/Mike BlakeThe California Public Utilities Commission on Thursday said it began an investigation into why natural gas prices spiked on wholesale markets in December 2022, driving up utility bills for customers.

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