The electricity grid of Texas has regularly been promoted as a shining example of energy deregulation, and the state has some of the cheapest electricity prices in the nation, largely thanks to it being the largest energy producer in the nation with a large natural gas pipeline network.
So what are the flaws? Capacity versus energy? Price caps too high?
Also -- citation needed on "Bank of America’s power trading arm are heavily invested in utilities and energy contracts."
Are Wall Street banks invested in utilities? If so, they're losers in the Texas PUC decision, which your own link says the PUC Commissioner is trying to "keep billions of dollars from being returned to utilities."
But wait....someone just said "Bank of America's power trading arm is heavily invested in utilities" and thus the PUC Commissioner's statement is a huge loss for Wall Street! Because billions won't be returned to the utilities in which power trading arms hold investments.
Or wait...no...umm...what's actually happening here?
So what are the flaws? Capacity versus energy? Price caps too high?
Also -- citation needed on "Bank of America’s power trading arm are heavily invested in utilities and energy contracts."
Are Wall Street banks invested in utilities? If so, they're losers in the Texas PUC decision, which your own link says the PUC Commissioner is trying to "keep billions of dollars from being returned to utilities."
But wait....someone just said "Bank of America's power trading arm is heavily invested in utilities" and thus the PUC Commissioner's statement is a huge loss for Wall Street! Because billions won't be returned to the utilities in which power trading arms hold investments.
Or wait...no...umm...what's actually happening here?