POSTED: Thursday, October 25, 2012 - 6:30am
UPDATED: Thursday, October 25, 2012 - 6:44am
PUC will vote on proposal today
Austin — The Houston Chronicle is reporting; Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.
PUC chairwoman Donna Nelson maintains raising the maximum price a generator can charge is needed to make sure there is enough electricity available during peak periods plus a 13.75 percent reserve.
To read more on the PUC's idea, head to The Houston Chronicle's website: http://www.chron.com/news/houston-texas/article/Texas-officials-may-double-electricity-price-cap-3979411.php