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Once again, the punchline is Texas. WSJ:

Texas had some of the cheapest power rates in the country when it zapped most of the state's electric regulations six years ago, convinced that rollicking competition would drive prices even lower.

This summer, electricity there is some of the nation's priciest.

Power costs are rising in the rest of the U.S., but everything is bigger in Texas: On a hot day in May, wholesale prices rose briefly to more than $4 a kilowatt hour -- about 40 times the national average.

Remember the California electricity crisis? That was likewise engineered by the magic formula of deregulators plus Texans — the GOP plus Enron.

The criminal genius of Enron serves as the core business model for Bushian GOP. "When then-Gov. George W. Bush signed the state's deregulation bill in 1999, he assured that 'competition in the electric industry will benefit Texans by reducing monthly rates and offering consumers more choices.' The law, which took effect in 2002, left few restrictions on what power generators could charge and what consumers could pay."

"Reducing monthly rates and offering consumers more choices." Ha ha ha ha ha. Texas reaps what it sows.

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