Michigan subpoenas Ferrellgas in probe of propane price hikes

|About: Ferrellgas Partners L.P (FGP)|By:, SA News Editor

Michigan's attorney general is seeking civil subpoenas against propane company Ferrellgas Partners (FGP) and its Best Propane affiliate in an investigation into customer complaints about price hikes.

The AG's office says it has received 65 complaints about FGP and Best Propane, including allegations of excessive propane pricing and misrepresenting the price to consumers.

The probe comes as many of the ~800K state residents heating their homes with propane have struggled to find the fuel, which is more costly than last fall, amid one of the coldest winters on record.