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Electricite de France S.A.

Conn. Regulators Probe Gas Price Manipulation Accusations

Conn. Regulators Probe Gas Price Manipulation Accusations

Connecticut regulators are investigating practices by the state’s two dominant gas and electric utilities following accusations that gas deliveries were manipulated to create shortages, causing higher prices and costing New England electricity consumers $3.6 billion over three years.

The two utilities, Eversource and Avangrid, deny the allegations. An executive of Eversource said the report furthers environmentalists’ efforts to halt gas pipeline construction.

Researchers Levi Marks, Charles F. Mason, Kristina Mohlin and Matthew Zaragoza-Watkins wrote in a 74-page paper that they found “strong evidence” the gas and electricity utilities “regularly restricted capacity to the...

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