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Grid Locked
99% Invisible
The Texas Public Utility Commission Raised the Price of Electricity to Its Maximum
The public utility commission raised the price of electricity to its maximum. That was like nine thousand dollars per magawat hour. All this debt got transferred from power companies that had to pay these huge prices for electricity and also for natural gas. The bills are going to be paid off in small increments, month by month over decades. And we're talking, again, billions of dollars.
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