ECONOMICS: The Gooferment is to blame for Texas’

https://www.washingtonpost.com/opinions/2021/02/18/texans-grid-outage-deregulation/

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Why Texans are cold and in the dark Texas’s predicament stems from a decision that state lawmakers made about 20 years ago to abandon the traditional model of fully regulated electricity utilities. Still used across many areas of the nation, these electric companies — described as vertically integrated utilities — do not compete for customers and are allowed to earn a rate of return on investment. They can raise rates only with the permission of state regulators. (Washington Post)

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All the Gooferment’s fingerprints are all over this crisis.

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