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June 11, 2008

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JG

Electrical deregulation has benefited only few power producers at the expense of many wholesale and retail customers. Enron, the Big Six consulting firms, and Perot Systems were the primary architects of this mess. It sold to by the legislature as a way to lower electric bills. It has done anything but that. Instead Texans now pay the highest electric rates in the country. The ERCOT system has produced price volitility that never before existed. The only solution to introduce price stability and fairness back into the system is to re-regulate the industry.

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