Texas should take steps to improve reliability and increase investment in new generation. The way to do this, though, is to move away from, not toward, more regulation and intervention.
$100 Billion in the Wrong Direction
The debate over Texas’s 765-kV transmission lines is heating up, and your wallet is caught in the middle. Last Friday, the Public Utility Commission of Texas held a hearing on the 765-kV Strategic Transmission Expansion Plan (STEP), and this Friday, the Commission will decide whether to approve or deny the northernmost line of the three...