An Unmitigated — and Uncapped — Disaster

Big power generators are working to convince legislators to let them make $9 billion more per year — a 40% increase

As the Texas Legislature enters the final sprint, big power generators are putting pressure on policymakers to approve a massive increase in their revenues — with as few consumer protections as possible. Some legislators seem compelled to go along for the ride.

The cap the generators want is effectively no cap at all: $9 billion per year. If they get the…