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In part, the answer depends on the weather.
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The Public Utility Commission of Texas adopted the rule amid surging demand for power across the state and a growing crypto mining industry in Texas.
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The Southern Spirit Transmission project would allow limited energy to flow between the Texas grid and neighboring grids.
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The Houston utility company told investors during a Tuesday conference call that its total restoration costs for the hurricane and derecho windstorm in May are estimated to be at least $1.6 billion, which likely will result in a 2% increase to Houston-area customers' bills for a period of 15 years.
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Another round of utility rate increases will go into effect in October, as part of a quarterly review process the Denton City Council approved in March.
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The announcement came soon after a new prediction by the state’s main grid operator that power demands will nearly double by 2030.
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Oncor Electric will not be compensating customers with rotting food from electricity outages after severe storms hit North Texas.
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A report found that solar and wind growth led the trend.
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Electricity demand is increasing with rising temperatures, but it’s still maintenance season for power plants, causing a supply crunch.
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The electric provider in charge of the downed power poles that sparked the largest wildfire in Texas history told Texas lawmakers on Thursday that the company is accepting responsibility — but denying negligence — for circumstances that led to the fire.
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Texas investigators say the largest wildfire in state history appears to be caused by a power line. Aging utility infrastructure ups the risk of starting wildfires as the climate heats up.
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Several crypto mining facilities have approached Denton Municipal Electric, apparently wanting to follow in the footsteps of Core Scientific.