A presentation by Warren Lasher, Long-Term Planning and Policy Manager at ERCOT as part of the Foundation’s event, “The Approaching EPA Avalanche” on May 25, 2011.
Texas is About to Spend $100 Billion on Power Lines It Does Not Need
Our electric bills are about to go up. Most Texans have no idea why. Texas regulators approved $33 billion in new high-voltage power lines (the Strategic Transmission Expansion Plan, or STEP) without a single legislative vote. Factor in financing, maintenance, and taxes over the life of the projects, and the tab for ratepayers hits nearly...