So, after 10 years of electric deregulation: how has Texas fared? A new report from the Texas Coalition for Affordable Power provides answers.
The short end of the stick: Texans in deregulated areas have paid substantially more for electricity than Texans outside deregulation.
Electricity complaints remain more than 300 percent higher than pre-deregulation levels. By far, billing complaints remain the most common.
The then-PUC chairman forecast in 1999 that Texans would not be liable for more than about $5 billion in stranded costs. It’s now clear that stranded costs will exceed those predictions by at least 30 percent.