TAM Warns of Energy Price Hikes from Renewable Mandates and Subsidies

Austin American-Statesman
During testimony this week on bills that would mandate use of renewable energy, the Texas Association of Manufacturers warned lawmakers of dramatic increase in energy prices that come with renewable mandates and subsidies.  The following is an excerpt from the Austin American-Statesman article about the proposals:

Phillip Oldham with the Texas Association of Manufacturers , which represents about 400 manufacturers, predicted higher bills for most of his members if the legislation passes.

The largest manufacturers, such as refineries and semiconductor plants, would be able to opt out of the program, but Oldham said the majority of his members would pay more.

"From our perspective, it's an energy tax," he said.

Oldham didn't offer projected increases in electric bills for manufacturers but said the Houston school district, for example, would see a $500,000 annual increase in its utility bill.

Click here to read the full article: Austin American-Statesman, “Austin legislators push solar energy measures,” March 17, 2011