Houston Utility Reaping Unauthorized Windfall Profits
CenterPoint Energy collects more profits than have been previously authorized by regulators. That may come as good news to shareholders, but its a windfall paid directly by Houston area electric customers.
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.
Media Focus: Unfair Utility Tax Collections
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.
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.