Texas PUC Vote Signals Move Toward Power Subsidies

Law360, Dallas (October 25, 2013, 9:14 PM EDT) -- Following an acrimonious debate, the Texas Public Utility Commission on Friday said the state should adopt a mandatory reserve margin for its electrical supply, a move viewed by regulatory attorneys as the first step toward creating a controversial capacity market that would subsidize power generation.

The 2-1 vote by commissioners follows more than two years of debate about how to ensure Texas can avoid rolling power outages as its population booms and electricity demands grow. The overarching question is whether the state needs to intervene and...
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