Oil and Gas to PUC: Don't Overhaul Energy Market

The Texas Oil and Gas Association, the state’s largest and oldest petroleum organization, says it does not want regulators to overhaul the wholesale energy market, adding its name to the proposal's growing list of opponents and pitting itself against a longtime ally: the electric utility industry. 

In a letter sent last week to the Public Utility Commission, TXOGA said it opposes a shift to the state’s current “energy only” market to a “capacity" model that would pay electricity providers billions of dollars to maintain excess generating capacity.

Such a market would prove too complicated to maintain, the group ...

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