Posted 2/14/2024, 12:00:26 PM
Texas Electricity Bailouts Face Court Challenge Seeking Free Market Reforms
- Texas electricity market bailouts after 2021 winter storm resemble Soviet-style control, not free market
- Lawsuit could undo bailouts, lower electric bills, and restore capitalism
- Supreme Court case challenges $6B in bonds to reimburse companies for high electricity prices
- Ruling could bankrupt some companies but restore free market principles
- Court expected to pass responsibility to legislators, not directly resolve issues