“Texas power companies quietly lobby for higher prices”
The Public Utility Commission could raise electricity bills by $4 billion in the coming weeks if members acquiesce to demands from generators who insist power in Texas is too cheap.
“We are not afraid of high prices when we think they are justified,” Katie Coleman, representing Texas Industrial Energy Consumers, told commissioners. “We think the market performed well this summer. … We think you can expect that level of performance to continue because that is what our market is designed to do.”