New! TCAP Timeline Shows Major Milestones
A new timeline tells history of the Texas electricity market, from deregulation’s beginning, to phantom tax collections by utilities, to a recent drive by generators to secure multi-billion-dollar subsidies.
Legislative Deep Pockets: Electric Companies Comprise State’s Top Lobby Spenders
When it comes to paying for expensive legislative lobbyists, four of the top five biggest spenders during the most recent legislative session were electric companies. That’s the word from Texans for Public Justice, a campaign watchdog group, which also reported this...
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.
REPs may not honor fixed prices
Retail electric providers say they should have the right to increase prices in fixed-rate contracts if regulators follow through with a proposal to increase wholesale energy costs.
