Electricity Restructuring: The Texas Story – Deregulation Done Right In the United States
In the early 1990s, the electricity industry was plagued by cost overruns and stagnant productivity. Many states turned to deregulation to promote innovation and cut costs, a strategy that had worked for the telecommunications, trucking, natural gas, and airline industries.
Yet, after the California energy market’s infamous meltdown of 2000-2001 triggered the recall election of Governor Gray Davis, deregulation lost political and popular support. Plans to introduce competition and retail choice in electricity markets were stalled or abandoned nationwide–in every state but Texas.
Electricity Restructuring: The Texas Story (AEI Press, November 2009), edited by L. Lynne Kiesling of Northwestern University and Andrew N. Kleit of Pennsylvania State University, explores how Texas’s groundbreaking program of electricity restructuring has become a model for truly competitive energy markets in the United States. Part history book and part how-to guide, this volume combines academic analyses with firsthand accounts by the actual architects of Texas electricity restructuring.
Read more at eGovmonitor.com.
