The state agency’s staff has urged commissioners to reject the sale, saying the buyers’ latest commitments, rather than resolving concerns, “will actually impose additional harms onto ratepayers” by creating $295 million in added costs. Oncor had previously warned that residential rates may increase 1.25 percent if it’s combined with Sharyland Utilities for ratemaking purposes, as some parties in the case have proposed.
Keep reading at Bloomberg.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.