Texas lawmakers may revisit electric deregulation - Yahoo! News
Texas lawmakers may revisit electric deregulation - Yahoo! News: "Thu Oct 19, 8:28 PM ET
HOUSTON (Reuters) - Texas lawmakers should give state regulators the ability to cap or modify electricity prices as the state moves to full deregulation next year, a Houston legislator said on Thursday.
ADVERTISEMENT
click here
Citing a significant rise in electric prices since Texas opened its $20 billion a year market in 2002, Texas Rep. Sylvester Turner, D-Houston, said he is 'nervous' that price competition may lead to volatility that could hurt consumers, especially low-income and elderly residents.
'It may not be attractive, but as a safety check, we must empower the Public Utility Commission with broad authority to do what it has to do to keep this market from going out of control,' Turner told a meeting of the Gulf Coast Power Association in Houston."
