Texas regulators reject proposals to cut $16 billion in charges, fees during freeze

Texas’ state power regulator on Friday unanimously vetoed a request to cut about $16 billion from state power charges during the final day of the state’s February freeze, saying even a partial repricing could have unintended effects. The two-person Public Utility Commission deferred voting on a separate proposal to slice service fees that could have saved retail electric providers about $1.5 billion.
Texas’ state power regulator on Friday unanimously vetoed a request to cut about $16 billion from state power charges during the final day of the state’s February freeze, saying even a partial repricing could have unintended effects. The two-person Public Utility Commission deferred voting on a separate proposal to slice service fees that could have saved retail electric providers about $1.5 billion.

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