Texas electric utilities have collected hundreds of millions from customers for federal income taxes that are not owed to the federal government. Read the statewide media coverage about these shocking phantom taxes.
In a guest editorial, the TCAP executive director draws attention to pending state legislation that would increase unfair tax collections by utility companies.
The financially beleaguered Energy Future Holdings has access to more than $500 million in “phantom taxes” paid by Oncor’s customers since 2008. EFH can access the money to stave off creditors.
More than 100 bills relating to electric and gas utility service have been filed at the Texas state Capitol. Many of these bills could impact how much you pay for gas or electric service.
Lawmakers, regulators and the press have begun receiving complaints about new smart meters, with some Texans complaining that they could undermine health and personal liberty.