Texas May Increase Wholesale Electricity Rates

By: Associated Press Email

Posted: Wed 2:32 PM, Jun 27, 2012

AUSTIN, Texas - With summer temperatures soaring, the Texas Public Utility Commission is set to vote on raising the price cap on wholesale electricity rates by 50 percent.

The hope is that the lure of more profits will spur construction of power plants to help the state meet future energy demands.

But the state's large industrial users claim the increase could cost billions of dollars. Consumer groups worry a wholesale increase will trickle down to monthly household electric bills for most Texans.

And Thursday's vote could be just the start. Commissioners are considering - but not yet voting on - a plan to triple the wholesale price starting in the summer of 2013.

Yahoo Takes Big Leap with $1.1B Deal for Tumblr

We ask that the following Community Standards be followed:

Comments must not be profane or vulgar.

Comments must not use hate speech, racial slurs, or violent descriptions.

We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.

Comments must not contain negative, comparative debates between community standards of cities or towns.

Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.

Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html

Texas May Increase Wholesale Electricity Rates

Money Headlines By CBS