Sen. Troy Fraser, an original supporter of deregulating the state wholesale electricity market in the 1990s, on Monday criticized the Texas Public Utility Commission as lacking authority to redesign the state’s wholesale electricity market.
Fraser, chairman of the Senate Committee on Natural Resources, said he intends to convene a hearing to question the three members of the utility commission about their 2-to-1 decision last week to begin mandating the level of electricity reserves, a first step to possibly redesigning the market.
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