Texas Lawmakers Seek End To Austin Energy Monopoly

Law360, New York (March 3, 2011, 8:08 PM EST) -- Texas lawmakers last week threatened to end Austin Energy's monopoly after the city-owned electric utility said it would raise base electric rates for the first time in 17 years.

Texas Sen. Craig Estes, R-Wichita Falls, and Rep. Harvey Hilderbran, R-Kerrville, introduced legislation on Feb. 24 that would force the city of Austin to deregulate its electric utility market within a year.

The proposed law — which has received little attention so far — would impact all municipalities that provide electricity for at least 3 million square...
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