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...
Texas adopted Hoover’s blueprint a century ago. Today, the bill is due in higher prices and lost liberty. Progressive-era policy rears its head in Texas housing. A century after Herbet Hoover put housing under government management, innovation has faltered, consumer choice has dwindled, and costs have exploded. Popular sentiment casts Herbert Hoover as a do-nothing,...
An Economic Assessment of the 765-kV Strategic Transmission Expansion Plan And Alternative Approaches to Enable Cost-Effective Growth WRITTEN BY Brent Bennett, Ph.D. Download the full research paper here. KEY POINTS • The need for the 765-kV STEP is driven by an overbuilding of wind and solar across Texas, particularly in West Texas and South Texas,...