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Resource ID: #23206
Subject: Energy
Source: Galveston County Daily News (Galveston, TX)
Date: 2006-12-25



Energy deregulation in the state of Texas is the subject as the Daily News reports the $40 billion yearly sales and consumer unhappiness with rates that continue to rise."Most have seen their electricity rates increase between 67 and 114 percent since the retail market was deregulated five years ago." The investigation finds not only that supply and demand may does no apply to electricity, but also that "some power companies have appeared to engage in anticompetitive behavior and even outright manipulation." And the state's utility commission has done little to remedy the situation.

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