Former power providers face hefty fines
TEXAS - Two former electric providers face nearly $3.7 million in penalties for not properly advising Texas regulators that they were ceasing operations in 2008.
The Public Utility Commission approved enforcement orders against National Power Co. Inc. of Houston and Pre-Buy Electric LLC of Grapevine.
National Power must pay a $1.8 million fine. Pre-Buy Electric was ordered to pay almost $1.9 million. Both also must refund all customers deposits and prepayments.
The commission approved a preliminary order against HWY 3 MHOP also known as eTricity, of Denton, with a recommended penalty topping $1.4 million.
The company is accused of failing to notify regulators and customers of its intent to cease operations.
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After rising for 100 years, electricity demand is flat. Utilities are freaking out.
WASHINGTON - The US electricity sector is in a period of unprecedented change and turmoil. Renewable energy prices are falling like crazy. Natural gas production continues its extraordinary surge. Coal, the golden child of the current administration, is headed down the tubes.
In all that bedlam, it’s easy to lose sight of an equally important (if less sexy) trend: Demand for electricity is stagnant.
Thanks to a combination of greater energy efficiency, outsourcing of heavy industry, and customers generating their own power on site, demand for utility power has been flat for 10 years, and most forecasts expect it to stay that…
