On June 26, 2009, the U.S. House of Representatives passed the 1,480 page American Clean Energy and Security Act (ACES). The U.S. Senate plans to consider this bill as early as October. As the nation’s leading energy producer, Texas would be more severely impacted by this bill’s aggressive carbon caps and new federal energy mandates than any other state.
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...