Oklahoma City Law Firm Chosen To Represent State In Potential Market Manipulation Case From 2021 Winter Storm

Attorney General Gentner Drummond announced that Oklahoma City law firm Foshee and Yaffe will be representing Oklahoma in possible legal action related to potential market manipulation from the 2021 winter storm.

Tuesday, August 8th 2023, 4:10 pm

By: News 9


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Attorney General Gentner Drummond announced that Oklahoma City law firm Foshee and Yaffe will be representing Oklahoma in possible legal action related to potential market manipulation from the 2021 winter storm.

Related: Oklahomans Paying For 2021 Winter Storm For Decades

Related: Possible Illegal Conduct, Market Manipulation: Attorney General Investigating Utility Prices From 2021 Winter Storm

Why is Attorney General Drummond Investigating Oklahoma Utilities?

Attorney General Gentner Drummond said in July he is going after the companies that he says reaped billions of dollars from Oklahoma families and businesses. Drummond said the state's oil and gas companies and utilities were not to blame. Rather it was those who sold natural gas at exorbitant prices during the storm.

The attorney general's announcement follows a News 9 and Oklahoma Watch investigation into utility prices following winter storm Uri, which can be found here.

Right now, Oklahomans will be paying for Winter Storm Uri for the next couple decades. For many of us it will cost us thousands of dollars before it's done.

At the height of Winter Storm Uri in February 2021 Natural Gas prices on the spot market in the Sooner State soared more than 600 times the typical price before the storm, with Oklahomans paying the highest prices in the nation.

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