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3:07pm

Thu April 3, 2014
Energy

Schumer calls for investigation into high winter electricity rates

Ellen Abbott WRVO

In response to what he calls "mind-boggling" rate increases for electricity this winter, Sen. Charles Schumer is asking two federal agencies to determine if customers were overcharged. Schumer says he wants the Federal Trade Commission and the Federal Energy Regulatory Commission to investigate the wholesale electric and gas markets to make sure there wasn't price gouging.

"The FTC is the premier consumer regulator when consumers are ripped off," Schumer said. "FERC would look at wholesale rates and things like that, relationships between the different parts of the grid."

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