Power Restructuring Experience In California Will Not Occur In Texas

August 17, 2001

Introduction
The recent crisis in California‚Äôs power markets has raised national concern among politicians and consumers alike regarding restructuring of electric utility markets in their home states.  However, there are significant physical, political and contractual differences between the power market crisis facing Californians this summer and power markets in other states that are beginning or completing the restructuring process towards fully competitive markets.

Texas is scheduled to open for full market competition in January of 2002, and the question on the minds of Texans is whether the problems in California will come home to roost in their backyard.  But the differences between the California and Texas markets are clear. Many of the issues and mistakes associated with the California market will not be repeated in Texas.  In fact, many industry experts predict that the Texas market will be the most successful market to open to competition to date.

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