Environment & Energy

U.S. to Probe Grid Reliability, Market Abuse After Texas Freeze

Feb. 22, 2021, 10:15 PM

U.S. energy regulators will examine the threat from climate change and whether markets were manipulated after the deep freeze last week that led to blackouts and surging power prices.

The Federal Energy Regulatory Commission will examine risks that climate change and extreme weather pose to electric reliability, according to a statement Monday. Separately, the agency said its Office of Enforcement is examining wholesale natural gas and electricity market activity during the cold weather to see if there was manipulation or other violations.

The push comes after extreme-cold conditions in Texas triggered an unprecedented energy crisis that left more than 5...

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