High court to hear natural gas price-fixing claims
The Supreme Court will hear the case in the fall
WASHINGTON (AP) — The Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.
A federal district court sided with the gas traders. But the 9th U.S. Circuit Court reversed, saying retail buyers of natural gas could go forward with their lawsuit. Natural gas customers say the companies falsely reported data to industry trade publications, leading to higher gas prices.
The Supreme Court will hear the case in the fall.
The case is ONEOK, Inc. v. Learjet, Inc., 13-271.