Phil King (TX-Weatherford), True to Form, Helps out His TXU Buddies- They can Keep aLL their Electric Generators Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Phil King (TX-Weatherford), True to Form, Helps out His TXU Buddies- They can Keep aLL their Electric Generators
 


26 April 2007 at 12:22:19 PM
salon

I almost let myself slip into the thought that Phil King wasn't totally bonded to corporate lobby money. But it was a fleeting laugh, because King is sponsoring a bill that would let TXU continue to dominate the electric market, EVEN WHERE WE KNOW THEY ILLEGALLY MANIPULATED THE MARKET!

Under pending legislation, TXU could possibly hold onto all of its big electric generators in areas of Texas where the company has been accused of using its market dominance to unfairly jack up profits.

Instead, the company and other big power generators would have to get approval for regulatory plans showing how they would not unfairly benefit from their market position. Rep. Phil King, R-Weatherford, is sponsoring the legislation, the House version of Senate Bill 483.

But some consumer groups have said King's version represents a watered-down version of the Senate bill. The Senate legislation includes more stringent language regarding company divestitures.

TXU, which controls more wholesale generation in North Texas than any other company, has been accused of using its market position to unfairly manipulate the wholesale market. As a result, it has unfairly increased profits, according to a market monitor at the Public Utility Commission.

The PUC staff has recommended a record $210 million in fines and penalties against TXU.

King's bill would let TXU and other big power generators control up to 35 percent of the wholesale market, although new nuclear-power generators and clean-burning coal plants would be exempt. Under King's bill, if a company goes over that 35 percent level, it would have to file a regulatory report showing how it will not abuse that market position.

That report would have to be accepted by the so-called independent market monitor, which oversees the market on behalf of the PUC and the operators of the Texas power grid.


Permalink
     Views: 872 
Latest Blog Post by salon -About the Out of District Clinics Glen Rose Medical Center is running under Somervell County Hospital DISTRICT auspices

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting



Click Here for Main Page



Guest
Today Is  
Thursday, August 22, 2019





Latest Posts

About the Out of District Clinics Glen Rose Medical Center is running under Somervell County Hospital DISTRICT auspices
salon 8/21/2019

Albert and Shelly Turk apparently got a settlement amount from Somervell County Hospital District
salon 8/21/2019

Trump is now calling himself the *Chosen one* and by reference *King of Israel*
salon 8/21/2019

What's up in Trump's Swamp for August 17 2019?
salon 8/17/2019

Trump Continues to be a dirt-bag racist - 7/20/2019
salon 7/20/2019

US House Passes Resolution Calling Donald Trump's Comments Racist (7/16/2019)
salon 7/17/2019


More Blog Headlines
 



Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS

 

%>