McCarter partner and General Counsel to the American Public Gas Association commented on the recent energy price changes amidst the winter storms.
He said, “… there does not appear to be a culprit like Enron in the California energy crisis some 20 years ago,” he said in a note. “The culprit appears to be the free market at a time of a historic shortage of natural gas supply caused by sustained freakish weather that seems to be happening in one form or another with regularity now. There is no federal law against price gouging.”