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  • Regulatory and Legislative

Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers

Without a meaningful cap, PCM represents a multi-billion-dollar blank check to generators with no guarantee of increased capacity or improved reliability. AUSTIN – Organizations representing electricity consumers statewide are demanding a meaningful cap on the proposed Performance Credit Mechanism (PCM) scheme that will impose billions of dollars in increased costs for Texas consumers if left…

  • Regulatory and Legislative

TXOGA Statement on HB 5 Senate Hearing

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement after HB 5 was heard by the Senate Committee on Business & Commerce: “Texas has long been a business leader, recently winning Site Selection’s Governor’s Cup for the 11th year in a row and being named the Best…

  • Regulatory and Legislative

TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following the release of the final results of Bates White’s Assessment of ERCOT Market Reform Alternatives: “Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs. Having a firm and…

  • News, Regulatory and Legislative

Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity

AUSTIN – The proposed Performance Credit Mechanism (PCM) being considered among ERCOT market reform options “would entail billions in costs for customers without a meaningful improvement in reliability,” according to the final results of an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing…

  • Regulatory and Legislative

TXOGA Statement on House Passage of HB 5

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program: “There is no reason Texas—the 9th largest economy in the world—should…

  • Membership News

TXOGA Announces Hiring of New Chief Economist

AUSTIN – The Texas Oil & Gas Association (TXOGA) today announced the hiring of Dr. Dean Foreman as Chief Economist. Todd Staples, President of TXOGA, issued the following statement: “Dean brings a wealth of experience that will greatly benefit the Texas oil and gas industry as well as TXOGA member companies,” said Staples. “His nearly…

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