> Huh. Who'd a thunk it.
Anyone familiar with Enron. Or Comcast & Time Warner. Or any of a million other companies in a hundred other industries that has miraculously managed to avoid the purportedly inevitable race to the bottom. Of course, in this case "deregulation" isn't the full story:
> The incumbent utility in the area still owns and maintains the local power lines (and is the company to call in the event of a power outage) and is not subject to deregulation.
and "intense competition for customers" isn't the full story either:
> TCAP found that the average consumer living in one of the areas that opted out of deregulation, such as Austin and San Antonio, paid $288 less in 2012 than consumers in the deregulated areas.
https://en.wikipedia.org/wiki/Deregulation_of_the_Texas_elec...