Bill Peacock, Director of the Foundation’s Center for Fiscal Policy, will appear on the “Pratt on Texas” program (KFYO 790 AM – Lubbock) at 5:36 p.m. tonight. The topic will be Bill’s latest commentary on municipal franchise fees. To listen live, click here.
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...