Texas Power Market Decision May Come In Early ’14

Texas Power Market Decision May Come In Early ’14

AUSTIN (CBSDFW.COM/AP) — A decision could come early next year about how Texas plans to help ensure its energy reserves meet rising demand for power amid the state’s booming economy and population, a top official said Tuesday.

Brandy Marty, the newest member of the Texas Public Utility Commission, said she and her colleagues were waiting on two reports to better track power capacity and future power needs statewide.

She told the state Senate Business and Commerce Committee during a hearing that those reports should be ready in December or January. After that, she said, “I would predict that a decision would be made on this certainly by very early into the next year.”

The three-member commission is believed to be split between two different plans on how to boost energy reserves. Marty is a former chief of staff to Governor Rick Perry, and he appointed her in August to her new position. She is likely the deciding vote — but has given no indication on how she’s leaning.

The issue hasn’t generated much public attention. But what the commission decides could have a major impact, possibly even causing consumer power bills to spike, rising as much as 20 percent by some predictions.

In past years the Energy Reliability Council of Texas (ERCOT), the state’s electric grid operator, bought electricity from Mexico and several U.S. states, at prices that some call exorbitant, to prevent blackouts.

Electricity generators favor creating a market where providers bid to offer capacity energy since the recent…Continued here: http://dfw.cbslocal.com/2013/10/15/texas-power-market-decision-may-come-in-early-14/

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