WSJ: Texas' energy deregulation has been a terrible deal for Texas consumers

When Texas deregulated its electricity market two decades ago, proponents promised that consumers would get better service at lower prices. Long before the service half of that equation proved spectacularly wrong during last week's freeze, the 60 percent of Texans required to buy their electricity from retail power companies, not local utilities, were already getting a lousy deal, The Wall Street Journal reports. "Those deregulated Texas residential consumers paid $28 billion more for their powe...