“I fear that this credit will once again be extended,” Donna Nelson, chairwoman of the Public utility Commission of Texas, recently wrote in a memo to her fellow commissioners.
“The federal production tax credit (PTC) distorts wholesale electricity markets,” she wrote, including the Electricity Reliability Council of Texas (ERCOT) market, which serves about 85% of the state’s load.
“While this commission has no ability to change what Congress does, we do have an obligation to Texans to periodically review whether our rules appropriately assign cost to those who cause those costs,” she continued.
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