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...
The Public Utility Commission of Texas should pause implementation of ERCOT’s Strategic Transmission Expansion Plan (STEP) and carefully evaluate more affordable, reliable alternatives before committing Texans to the largest transmission projects in state history. While Texas faces growing electricity demand from population growth, industrial expansion, and data centers, STEP fails to address the state’s most...
Texas’s business franchise tax is costly, complicated, and time-consuming to observe. Its negative and distortionary effects should motivate policymakers to eliminate it entirely. Key points: Because of the substantial costs, large and small business owners can often spend more on compliance than on paying the franchise tax itself. Phasing out or repealing the tax altogether...