AUSTIN, Texas (AP) - The Texas Public Utility Commission will consider doubling the cap on wholesale electricity prices in hopes of convincing generators to build more power plants.
The commission is likely to approve the increase on Thursday, four months after it approved a 50 percent boost.
Chairwoman Donna Nelson says raising the price is necessary to encourage more plant construction and ensure enough power is available during peak periods.
Companies have complained that they are not getting paid enough for their investments in power plants, and generating capacity has gone down. But consumer groups worry a wholesale increase will trickle down to monthly household electric bills for most Texans.
The latest proposal would raise the cap on prices from $4,500 per megawatt hour to $9,000 a megawatt hour.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
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