46: Abbott Wants Your Utility—Deregulation, Billionaires, & City Power in Texas
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46: Abbott Wants Your Utility—Deregulation, Billionaires, & City Power in Texas
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Governor Greg Abbott wants to deregulate Texas city-owned utilities and hand those markets over to private shareholders. We break down what's at stake for Austin, San Antonio, and ~70 other municipalities.
Research and recent reporting suggest Gov. Greg Abbott's plan to force Texas's city-owned utilities into the deregulated market is unlikely to lower anyone's power bill. What it would definitely do is strip cities of a major source of revenue, money Abbott's campaign brands a city "slush fund." Abbott's campaign promises San Antonio households would save 13 percent on their bills—but no data to back up the claim.
So we went to speak to researchers and organizers and city leaders about the potential impact.
Guests:
• Conor Harrison, author of 'Brokers of Power: The Financialization of the US Electricity System'
• DeeDee Belmares, San Antonio-based climate justice organizer with Public Citizen
• Councilmember Mike Siegel, Austin City Council (D7)
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