Big Three Texas
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What about the companies Oncor Electric Delivery, Luminant, and TXU Energy?
They are a triangle: All in the electricity business of Texas, all formerly one company, Now separated as:
- Luminant which operates power plants
- TXU Energy is a retailer (Retail Electric Provider or REP) which sells electricity directly to consumers (you) as do other REPs such as Reliant or Green Mountain Energy. TU Electric, TXU Corp., TXU Electric, and TXU Electric Delivery are names that are not longer in use by any company.
- Oncor Electric Delivery which is an electric distribution and transmission business.
Luminant and TXU Energy are not regulated by the state. Oncor Electric Delivery is regulated by the Public Utility Commission of Texas.
Oncor Electric Delivery, through its many customers (companies that sell electricity to you such as Reiiant and Green Mountain) has about 3,000,000 commercial and residential users in Texas. Approximately 2,000,000 of these are residential.
Oncor is legally an affiliate of TXU Energy as both are owned by Energy Future Holdings Corp.
Luminant is attempting to build another nuclear plant in Texas at a price of $22,000,000,000. That is the projected price and it will probably be many times that because of overruns. Overruns or not, a 22 billion dollar price tag on this nuclear plant will guarantee that Texas residents have a tremendous, and probably unprecedented, increase in electricity rates.
Texas already has some of the highest electricity rates in the United States. These rates are tied to the higher price of natural gas although much of the electricity is actually produced by coal-fired plants that are relatively cheap to operate.
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For further information about Renewable Energy or this area of Texas contact
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