Agency Wants Higher Electric Rates in Summer
The PUC says electric companies need more profits to build power plants. Photo by Daniel Reese/KUT NewsAudio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
By Dave Fehling, StateImpact Texas
With the summer heat headed our way, a new report says Texas should allow electricity prices to go up dramatically during times of high demand. Dave Fehling of StateImpact Texas reports that the state’s Public Utility Commission has proposed that starting later this summer, during times of the highest demand, wholesale prices should be allowed to skyrocket. That would increase profits, which supposedly would then encourage private companies to build new power plants.
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