Legislation Increasing Unfair Taxes on Electric Bills Goes to Texas Governor Rick Perry
Under the bill, the Public Utility Commission will lose the ability to adjust utility rates downward to reflect tax advantages enjoyed by electric utilities. As a result, utilities will gain the ability to charge customers an additional amount for federal income taxes — even in the absence of a greater tax liability by the utility.
Legislation Increases Unfair Utility Taxes: Caller Times Guest Editorial
In a guest editorial, the TCAP executive director draws attention to pending state legislation that would increase unfair tax collections by utility companies.
New Report: Oncor Collecting Millions of Dollars in Phantom Taxes
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.
Would TXU collapse increase rates?
TXU provides backup electric service for customers whose regular providers go bankrupt. But what if TXU itself goes bankrupt?