Was deregulating the Texas electricity markets a colossal mistake?
The real Enron scandal.
The state’s big investor-owned utilities, aptly nicknamed IOUs, are in big trouble—and Wall Street knows it. Historically, the IOUs have been able to block damaging legislation calling for the deregulation of electricity and immediate rate cuts, but the once-friendly Public Utility Commission has turned against them. In a sweeping and…
Why electricity is a supercharged political issue. Plus: Who cares about the Democrats running for U.S. Senate?