Jun 25, 2021 | Press
Following the events of Winter Storm Uri, Warren Buffett’s Berkshire Hathaway proposed a plan that would allow for the company to finance the building of 10,000 megawatts of new, natural gas-fired generating capacity at a cost of $8 billion. Berkshire Hathaway, being a company in business to generate profits to investors, proposes to make a profit from this enterprise as well. Its proposal would be for electricity consumers to reimburse it for the cost of building and operating the plants under a formula that would guarantee it would generate a seemingly reasonable 9.3 percent rate of return on the investment.
Michele Richmond, executive director with Texas Competitive Power Advocates, argues against the plan on behalf of the power generators of Texas in this Forbes article, written by David Blackmon.
Click here to read the Forbes Article
Apr 20, 2021 | Testimony
House State Affairs – Relating to the provision of electric service during extreme weather conditions.
Starts at 5:03:52
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Apr 1, 2021 | Position Papers
TCPA proposed potential solutions to the Committee on House State Affairs on April 20th. These solutions address the need for certain types of generation to increase reliability without regulating portions of generation at a high cost to consumers with no increase in guaranteed reliability.
View the solutions >
Apr 1, 2021 | Position Papers
TCPA member companies have a plan for improving reliability in the ERCOT market that maintains the competitive market structure.
View the deck >
Mar 25, 2021 | Testimony
Senate Committee on Jurisprudence – Relating to preparing for, preventing, and responding to weather emergencies, power outages, and other disasters.
Starts at 48:34
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Mar 22, 2021 | Testimony
House Energy Resources – Relating to the creation of the Texas Electricity Supply Chain Mapping Committee.
Starts at 19:09
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Mar 18, 2021 | Testimony
House State Affairs – Relating to the extreme weather emergency preparedness of facilities for providing electric service.
Starts at 2:57:29
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