(Courtesy Texas Energy Report) How can the PUC and the Electric Reliability Council of Texas ensure adequate supplies of electricity this summer and beyond without sending electric bills soaring, especially for smaller commercial and retail customers?
Texans are on the hook for nearly $7 billion in new transmission construction for wind power. But with the apparent loss of key tax breaks and a changing market, does all that expense still make sense? A state lawmaker raises questions.
Consumer advocates had sounded the alarm about the massive debt used in the buyout of TXU in 2007. And now, five years later, that debt has become crushing. Says one analyst about the energy giant's chances: “The game may not be over just yet, but the prospects don’t look so good.”
Find out more about the Texas Coalition for Affordable Power, one of the state’s leading coalitions of energy consumers.