Texas Regulators OK Wholesale Electricity Price Hike

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The highest wholesale prices on the Texas electrical grid will be allowed to rise by 50 percent starting in August, following a vote by state regulators. 

The Texas Public Utility Commission voted 2-0, with one abstention, to raise the "wholesale price cap," which electricity prices sometimes hit on hot summer afternoons. (The most recent such case was Tuesday.)

The idea is to allow power plant owners to make more money on electrical generation — which could give them an incentive to build more plants to supply the state's growing population. Right now they are not building new plants ...

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