• 1 Post
  • 248 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle

  • As I understand it, Texas republicans pushed to privatize the state’s electrical grid, and allow “provider choice” in way that has led to extreme profit-taking by private entities and reduced any investment in infrastructure. This contributed to the extremely high prices that some Texans have been paying in the winter, as well as more frequent and sever outages.

    We could consider this a bailout because private entities sucked all the money out of the system, and now the federal government is investing to try and get it into a working state again.