Disgorgement represents a major increase in regulation on Texas’ world-class electricity market that would reduce competition, harm consumers, and put the economic benefits Texans have gained from deregulation at risk. See also our previous research and testimony.
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...