Regulator: Capacity Payments are “Corporate Welfare”
“Corporate Welfare” — that’s how Texas Public Utility Commissioner Kenneth Anderson has described controversial proposals being pushed by some of the state’s biggest generators. At issue are proposed capacity subsidies, which big generation companies say will give...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.
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.
Growing Controversy over Texas Smart Meters
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.