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