JP Morgan settles with regulators in market abuse case
A penalty to be paid by JP Morgan Chase for alleged improper activities in the electricity markets in California and the Midwest dwarfs anything every assessed in Texas.
Low-Income Texans Benefit from Discount Program
Texas summers are anything but mild, especially when it comes to paying for electricity. These scorching months can be particularly difficult for low-income Texans. Fortunately, many will be eligible for bill discounts starting in September. However, the deadline to...
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.