Deregulation for Electric Companies - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Deregulation for Electric Companies

AUSTIN, Texas (AP) _ Two Texas lawmakers are pushing bills they say will make electricity more affordable.

Rep. Jim Keffer of Eastland and Sen. Wendy Davis of Fort Worth today announced their legislation would affect the wholesale and retail markets. One proposal would prevent a company from owning more than 20 percent of generation in a smaller market. Currently, that limit applies to the whole state.

The lawmakers also want to let local governments enter into low-rate electricity deals. But industry lobbyists immediately disputed the contention that deregulation, which was approved by legislators in 1999, is not working in the best interest of Texas consumers.

The trade group Texas Competitive Power Advocates says competitive electric laws have allowed for investment in diverse energy sources -- such as wind energy.

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    SOURCE: KFDASOURCE: KFDA

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