Texas cities say Abbott proposal to disband their electric companies wont lower costs
· KRGV (NBC 5)
Texas cities, including Austin and San Antonio, are opposing Governor Greg Abbott's proposal to disband their municipal electric utilities, arguing it would not lower electricity costs. The cities claim that their nonprofit utilities provide affordable rates and fund essential services. Abbott's plan suggests that ending municipal control will save residents 10% on bills, but city officials warn it could lead to higher rates and significant costs for implementation. With rising deficits and inflation, the proposal raises concerns about exacerbating budget issues. Critics argue that public utilities generally offer lower rates compared to private companies, challenging the governor's claims.
AI summary · Source: KRGV (NBC 5) →
