Texas Senator Fraser of Horseshoe Bay Says TXU Racks Up Record Profits, Abuses Its CustomersSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


Texas Senator Fraser of Horseshoe Bay Says TXU Racks Up Record Profits, Abuses Its Customers

9 December 2006 at 8:47:16 AM

Senator Fraser's counties - Bell, Blanco, Brown, Burnet, Callahan, Coleman, Comanche, Eastland, Erath, Gillespie, Hamilton, Kerr, Kimble, Lampasas, Llano, Mason, McCulloch, Menard, Mills, San Saba and Taylor

He wants to make corrections to deregulation during this next Texas Legislature session.

Fraser said the company has been linked to anti-competitive practices in a previous Public Utility Commission report. A bankrupt competitor has also made similar allegations, and various other public-utility reports have indicated that the company’s sizable wholesale market share in North Texas gives it undue influence on prices.

I'm sure he must be referring to the Galveston Daily News article a month or two ago that talked about the PUC report. I also noticed yesterday how TXU tried to hide what their record profits are.

Phil King of Weatherford said

We’re not going to go back and re-regulate,” said King, the chairman of the House Regulated Industries Committee. “The toothpaste is already out of the tube with deregulation. But we’ve got to make some substantial changes.”

I don't know why that is. If legislators can make a law, legislators can change or cancel a law. The toothpaste analogy is silly.

How much does TXU spend on lobbying, etc?

TXU spent as much as $3.2 millionon 52 lobby contracts in 2005, the last year lawmakers met in Austin during regular session, according to Texans for Public Justice, a political watchdog group. The organization said the company’s lobby spending was second only to AT&T.

I noted yesterday that the largest contributor to Chet Edward's campaign in this last cycle was TXU.

Texans for Public Justice reports that several other players in the electric industry also typically spend millions of dollars on lobbyists.

They include the Association of Electric Companies of Texas, an industry umbrella group, which spent up to $1.6 million in 2005; Houston’s CenterPoint Energy, which spent up to $1.5 million in 2005; Entergy-Gulf States, which spent up to $1.1 million that year; and American Electric Power, which spent up to $735,000.

     Views: 1690 
Latest Blog Post by salon -Why are Paul Manafort's defense attorneys helping Lev Parnas and Igor Fruman today?

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting

Click Here for Main Page

Today Is  
Monday, October 14, 2019

Latest Posts

Why are Paul Manafort's defense attorneys helping Lev Parnas and Igor Fruman today?
salon 10/10/2019

Money Laundering 101- Trump seeks to get rid of regulations on offshore money
salon 10/10/2019

Pete Sessions wrote letter then got lots of moolah from Republican PAC
salon 10/10/2019

So are christians accepting of Trump's actions with Turkey-slaughter of the Kurds?
salon 10/10/2019

Today In Trump's Grifterville -10/10/2019 Impeachment Edition
salon 10/10/2019

Did we elect a monarch? Bah to the Constitution? Trump and the Ukraine
salon 9/21/2019

More Blog Headlines


salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )

Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS