Can’t regulate freedumb
Something ain’t right deep in the heart of Texas:
Texas’ utility regulator had an opportunity Friday to eliminate some of the $16 billion that the state’s grid operator erroneously overcharged power companies during last month’s deadly winter storm — but the board of the Public Utility Commission chose not to do so.
Here’s the instructive passage, in which you know, Know, KNOW you are in the lone star:
“I totally get how it looks like you’re protecting consumers [by readjusting electric prices],” [PUC Chair Arthur D’Andrea] said Friday during a PUC meeting. “But I promise you you’re not.”
D’Andrea added that a retroactive decision would have winners and losers: “You don’t know who you’re hurting. And you think you’re protecting the consumer and it turns out you’re bankrupting [someone else].”
“…like a poor, inn’cent corpor, er, corpa, er bidness,” he didn’t add.
Y’all got ripped off, Texans, by yer lack o’ regulation. Now just wait fer Gubnor Abbott t’ kill y’all by removing pandemic regulations for freedumb.