The Big Conversation
The Public Utility Commission's proposed changes to the electric market gained a powerful detractor in recent days: the Texas Oil and Gas Association, the state's oldest and largest petroleum organization.
As reported by the Tribune's Jim Malewitz, TXOGA sent a letter to the PUC last week saying it opposed creating a capacity market "that would pay electricity providers billions of dollars to maintain excess generating capacity." The move also opens a rift between the influential petroleum group and the electric utility industry, which backs the capacity market model.
TXOGA asserted in its letter that ...