Most of the electricity bills this session had one thing in common—they were going to make electricity more expensive for Texas consumers or taxpayers. Fortunately, most of them didn’t pass. The major bill that did pass provided incentives, i.e. subsidies, for electricity generation plants equipped with carbon capture technology. But it may not wind up…
Category: Energy
Texas New Energy Taxes
A recent study estimated that proposed federal legislation aimed at decreasing greenhouse gas emissions would increase Texans electricity bills by a minimum of $10 billion. Meanwhile, the Obama administration announced new fuel standards that could cost American car buyers $19 billion a year when fully implemented. Not content with these new energy taxes on Texas…