The Arena Reality Stands In Way Of $4 Billion Electricity Tax

Texas electricity regulators and their allies in the power generation industry who have been advocating for a new $4 Billion electricity tax are being stymied by reality as more people realize that Texas doesn’t have a power generation capacity problem. As the Dallas Morning News reports today, there is no power generation capacity crisis. This may come as a big shock to the central planners in Austin, but the free market works. When the balance of supply and demand shifts in favor of new capacity, the generators will build new plants because it suits their interests. Until then, they should refrain from attempting to manipulate the agency rulemaking process to dip into the pocketbooks of Texas electricity ratepayers.