High natural gas prices and hot weather are an expensive combination for electricity customers.
That duo has touched off a domino effect during the past couple of weeks that led to an emergency meeting at the Public Utility Commission on Thursday.
Some observers worry that the situation could be a harbinger of a rocky summer, when customers pay higher prices and some retail electricity providers go bust.
As people kicked up their air conditioners to deal with the early heat wave this month, some transmission lines became congested.
Wholesale power prices spiked as high as $3,000 per megawatt-hour in some areas of the state.
College Cost Going Up!
AUSTIN — One by one, representatives of the state’s universities were called before a Senate subcommittee Wednesday to explain why they have raised tuition 50 percent or more during the past five years.
