Kelcy Warren, the ex- CEO of Energy Transfer, has filed a civil lawsuit against the Democratic nominee for Texas Governor, Beto O’Rourke. The Texas billionaire claims Beto is publicly defaming and slandering him.
The lawsuit was filed in the District Court of San Saba County, Texas. Warren seeks over $1 million in damages from the legal action announced Monday, March 7.
The Federal Energy Regulatory Commission (FERC) has been investigating whether any energy companies used the weeklong freeze to manipulate the market to increase profits. To date, the FERC has not accused the company of any wrongdoing.
Campaign trail narrative
At the heart of Beto’s campaign is the February 2021 power grid failure that left millions of Texans without power in freezing weather. And led to 246 deaths.
According to a Bloomberg article, Warren’s Energy Transfer Partners reportedly made $2.4 billion off the storm due to the soaring demand for gas.
8 months later, Warren cut a $1 million check to Abbott’s reelection campaign.
