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Kansas AG Says Macquarie Rigged Gas Market During 2021 Freeze
Kansas has become the first state to file a lawsuit alleging natural gas market manipulation during a 2021 winter storm that drove energy prices to record highs and left millions of people in the dark. Kansas Attorney General Kris Kobach’s office is accusing Macquarie Energy LLC of manipulating the price of natural gas at a key hub along the Southern Star Gas Central Pipeline. According to the lawsuit, on Feb. 16, 2021, Macquarie purchased gas for next-day delivery “at the single highest price ever paid for Southern Star natural gas,” which Kobach’s office says had the effect of artificially increasing gas ... (full story)