Right now the Lone Star State is under assault from multi-billion dollar electricity generators and Wall Street firms pushing the state’s Public Utility Commission to impose what amounts to a $4 billion per year electricity tax on Texas consumers.

The Texas Public Policy Foundation has studied the issue extensively, and their findings are disturbing.

Under the guise of a misguided regulatory scheme called “capacity markets,” that $4 billion hit to taxpayers is nothing more than corporate welfare designed to bailout companies that aren’t seeing the profits they expected.

As Daniel Greer at AgendaWise.com put it: “Capacity markets are a scheme to keep obsolete electricity infrastructure profitable through taxpayer subsidies.”

Oh, good: Texas’ own baby-TARP.

Michael Quinn Sullivan

Michael Quinn Sullivan is the publisher of Texas Scorecard. He is a native Texan, a graduate of Texas A&M, and Eagle Scout. Previously, he has worked as a newspaper reporter, magazine contributor, Capitol Hill staffer, think tank vice president. Michael and his wife have three adult children, and a dog. Check out his podcast, Reflections on Life and Liberty.

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