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

A graduate of Texas A&M, former newspaper reporter, one-time Capitol Hill staffer, think tank vice president, and an Eagle Scout, Michael Quinn Sullivan and his wife have three children. He is the publisher of Texas Scorecard. Check out his podcast, “Reflections on Life and Liberty.”