Jun 10, 2013 | Legislative Watch
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.
May 24, 2013 | Legislative Watch
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.
May 4, 2013 | Industry News
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.
May 3, 2013 | Legislative Watch
In a guest editorial, the TCAP executive director draws attention to pending state legislation that would increase unfair tax collections by utility companies.
Apr 17, 2013 | Legislative Watch
The financially beleaguered Energy Future Holdings has access to more than $500 million in “phantom taxes” paid by Oncor’s customers since 2008. EFH can access the money to stave off creditors.