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(Reuters) -Oil and gas supplier Enterprise Products Partners on Monday sued CPS Energy, a Texas gas and power utility, alleging failure to pay nearly $100 million for natural gas delivered during the state’s February winter storm.
FILE PHOTO: The headquarters of energy pipeline operator Enterprise Products Partners seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams
The lawsuit is the latest to emerge from a severe cold snap that drove prices and demand for natural gas and electricity to hundreds of times their pre-storm levels. Houston gas prices bit.ly/3noiRVL hit $400 per million British thermal units (mmBtu) from about $4.50/mmBtu a week earlier.