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COPYRIGHT 2001 Texas Monthly, Inc.
Why we'll avoid blackouts.
WITH THE NEWS OF CALIFORNIA'S electricity crisis getting worse every day, should Texans worry when this summer brings the first test of a deregulated, competitive electric power industry here? Are blackouts, bankruptcies, and bigger bills in our future? The answer appears to be no for blackouts and bankruptcies--but bigger bills may be a different story.
The law requires Texas' behemoth electric utilities to transform (no pun intended) themselves into three separate entities--one to generate electricity and sell it wholesale, one to transmit electricity over wires, and one to sell it retail to your home and other local customers. The advantage of the old regulated system...
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