These cities own and operate their own electricity utility companies and continue to be regulated unlike the majority of us. About one quarter of the state's geographic territory, including these cities, remains regulated.
For the month of November 2010, residential customers in the cities of San Antonio and Austin paid winter rates of 80.94 and 91.20 cents per kWh, respectively. The rate for another regulated city, San Marcos, was 90.36.
In my view, this is a clear indicator of the excessive profits built into our deregulated market. These cities provide the service at these costs while generating added revenue for other uses.
No comments:
Post a Comment