Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,597
- 2,405
I'm not surprised by this.
I knew that deregulation and privatization was a horrible idea. For many reasons.
What the republicans don't seem to understand is when you privatize it always costs more because there has to be a profit. It always leaves the American consumer with no recourse to when that private company and their greed end up killing people as it did in Texas.
Texans have paid 28 billion dollars more in energy than they would have if they had not deregulated and privatized.
We didn't deregulate privatize in my state. We have only one electricity provider. The Public Utility District. I live in PUD number 1.
We control that energy. We the people hire the heads of the PUD. Not any politician. The heads of PUD have to be elected by the people and have to answer directly to the people.
Not some crony hired by a politician whose only motivation is greed.
The rates can't be increased without asking for the increase and honestly justifying that increase. The increase isn't decided by a greedy private company, the people own it so it's the people who decide if there's an increase.
The result is we have more energy than we use so we sell it for a profit to other states.
We have the second lowest electric rates in the nation.
We also don't have people dying because a greedy private energy company didn't do the right thing and winterize nor do we end up with electric bills in the thousands when there's a spike in electric use.
The people who bought into the deregulation and privatization were duped.
I knew that deregulation and privatization was a horrible idea. For many reasons.
What the republicans don't seem to understand is when you privatize it always costs more because there has to be a profit. It always leaves the American consumer with no recourse to when that private company and their greed end up killing people as it did in Texas.
Texans have paid 28 billion dollars more in energy than they would have if they had not deregulated and privatized.
We didn't deregulate privatize in my state. We have only one electricity provider. The Public Utility District. I live in PUD number 1.
We control that energy. We the people hire the heads of the PUD. Not any politician. The heads of PUD have to be elected by the people and have to answer directly to the people.
Not some crony hired by a politician whose only motivation is greed.
The rates can't be increased without asking for the increase and honestly justifying that increase. The increase isn't decided by a greedy private company, the people own it so it's the people who decide if there's an increase.
The result is we have more energy than we use so we sell it for a profit to other states.
We have the second lowest electric rates in the nation.
We also don't have people dying because a greedy private energy company didn't do the right thing and winterize nor do we end up with electric bills in the thousands when there's a spike in electric use.
The people who bought into the deregulation and privatization were duped.
WSJ News Exclusive | Texas Electric Bills Were $28 Billion Higher Under Deregulation
Texas’s deregulated electricity market left millions in the dark last week. For the past 20 years, its consumers have paid more for their electricity than state residents who are served by traditional utilities, a WSJ investigation found.
www.wsj.com