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Texas Leaders Talk Policies At Energy Summit

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IRVING (AP) - State leaders and private-sector energy experts will meet at the Irving Energy Summit to discuss developing Texas’ natural resources.

Officials also will discuss at the Thursday summit whether the current electricity infrastructure is sufficient to supply power to businesses and residents statewide.

Last month, the Texas Public Utility Commission voted to raise the price cap on wholesale electricity rates by 50 percent later this summer. Advocates hope it will spur construction of new power plants to help Texas avoid rolling blackouts and meet future energy demands.

Consumer groups, however, warn that it could raise costs by billions of dollars, leading to higher electric bills and no guarantee of new construction.

Thursday’s summit in suburban Dallas is hosted by the Texas Conservative Coalition Research Institute.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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