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For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh. Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand ...
Cost-push inflation is a purported type of inflation caused by increases in the cost of important goods or services where no suitable alternative is available. As businesses face higher prices for underlying inputs, they are forced to increase prices of their outputs. It is contrasted with the theory of demand-pull inflation.
To cover debt incurred due to high natural gas prices, utilities outside Texas have had to raise prices. Oklahoma Natural Gas is charging customers up to $7.80 per month for the next 25 years to securitize its costs of $1.4 billion during the crisis. [138] The natural gas industry reaped a windfall profit of $11 billion during the crisis. [22]
The law includes exceptions for price increases that can be justified in terms of the increased cost of supply, transportation, demand, or storage. [13] Florida prohibits a price increase "that grossly exceeds the average price" of that same item in the 30 days leading up to the emergency declaration. [ 14 ]
The official COLA increase uses third-quarter data from July to September, so it’s too early to tell. “Nearly everyone was wrong about the path of inflation this year,” says Petersen. COLA ...
Texas is one of only 7 states not to have a state income tax. [22] [23] The state sales tax rate, 6.25%, is above the national medium, with localities adding up to 2% (8.25% total). [24] Texas does have a "back to school" sales tax holiday once a year (generally around the first weekend in August) on clothing and footwear under $100. [25]
It is also known under several generic names, such as aluminium extrusion, aluminium profile and 2020 extrusion if the cross-section is 20x20 mm, alongside brand names, such as 80/20 framing. [ 1 ]
The project was completed in December 2007 at a cost of over $8.08 billion in 1982 dollars, $21.5 billion adjusted for inflation, a cost overrun of about 190%. [ 4 ] [ 5 ] [ 6 ] As a result of a death, leaks, and other design flaws, the Parsons Brinckerhoff and Bechtel consortium agreed to pay $407 million in restitution, and several smaller ...
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