– (December 13, 2023) – Kansas Attorney General Kris Kobach today refiled a price gouging lawsuit against Macquarie Energy. The federal suit seeks to recover money for Kansas consumers after Macquarie manipulated natural gas prices during Winter Storm Uri in February 2021 and overcharged Kansans.
“It’s disgraceful that Macquarie would manipulate prices at a time when Kansans were already hurting from the storm,” Kobach said. “We will do everything we can to recover what was taken from those Kansans.”
The suit alleges that Macquarie, the nation’s second-largest gas marketer, manipulated natural gas prices by overpaying for natural gas from the state’s largest supplier. Macquarie passed the inflated costs on to Kansas consumers, forcing them to pay more than market forces would require. The AG’s complaint alleges that Macquarie overcharged Kansans $50 million and profited handsomely in the process.
“To put it simply… Macquarie’s manipulation of the benchmark daily price materially benefited Macquarie while harming others depending on the gas distributed on the Southern Star pipeline, including many Kansans,” the suit reads.
Read the full complaint here