The Brief: Rift Opens Between Oil, Electric Interests on Market Overhaul

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 ...

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