The Facts
- Texas’ electric markets have helped to lower overall prices without government intervention, and have led to increased investment in our electrical infrastructure.
- Disgorgement powers granted by HB 2133, passed in 2011, threaten the health of Texas’ electrical markets.
- No evidence exists of the existence of any market power abuse or similar anti-competitive behavior in the Texas power market.
- Disgorgement is a solution in search of a problem.
Recommendation
- Repeal the provisions added by HB 2133 that allow for the PUC to exercise disgorgement authority.
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