In Texas, we like to say we’re open for business. We just may not be able to keep the lights on.

The Public Utility Commission is scrambling to implement a new pricing structure aimed at reducing the threat of blackouts during times of heavy electricity usage.

By raising the cap on wholesale electricity prices, the PUC hopes to encourage generators to build additional capacity for meeting peak demand, such as during a hot summer when everyone’s running their air conditioning.

Full article at the Houston Chronicle.