Statement of Geoffrey Gay, general counsel for several groups of cities that participate in both the regulated and deregulated energy markets.

Written on: January 27, 2010

“The Texas Public Policy Foundation, an Austin-based organization consistently cited by the electric industry to lend credence to anti-consumer policies, has released yet another misleading report about the dismal record of electric prices under deregulation. Here are the simple facts: for years before deregulation, Texas residential consumers paid rates below the national average. For years after market restructuring, Texans have paid rates above the national average.

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