Quotes on benefits of deregulation
While the reporters didn’t get the quotes on deregulation in the Chronicle article, they had them available for the Express-News (same reporters, different editors?)
When Texas lawmakers agreed to open the state’s power markets to competition back in 1999, one promise was on the tip of many tongues: lower prices.
“Competition in the electric industry will benefit Texans by reducing monthly rates and offering consumers more choices about the power they use,” then-Gov. George W. Bush said at the time.
Then-state Sen. David Sibley, who was a key author of the bill, put the promise more bluntly: “If all consumers don’t benefit from this, we will have wasted our time and failed our constituency,” he said.
I guess when he was talking about “benefit” he didn’t necessarily mean lower prices.
Technorati Tags: Texas, electricity, deregulation, CPS Energy, TXU, Reliant, ERCOT, PUC
Filed under: CPS Energy, ERCOT, Electricity, PUC, Reliant, TXU, deregulation, texas
