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10 Tex. Tech. Admin. L.J. 497 (2008-2009)
Shockingly Certain: Why is the Public Utility Commission of Texas Steadfast in Its Resolve to Keep Texas's Energy Market Deregulated Amidst Turmoil

handle is hein.journals/ttalr10 and id is 501 raw text is: SHOCKINGLY CERTAIN: WHY IS THE PUBLIC UTILITY COMMISSION OF TEXAS STEADFAST IN ITS RESOLVE TO KEEP TEXAS'S ENERGY MARKET DEREGULATED AMIDST TURMOIL? 1. INTRODUCTION .................................................................................. 497 11. THE BASICS OF THE ELECTRICITY MARKET IN TEXAS ...................... 498 A. How Does the Electricity Market Work? .................................. 499 1. Generating Electricity ........................................................ 499 2. Transmitting Electricity ..................................................... 499 3. D istributing Electricity ...................................................... 501 B. Introduction of the PUC and the Regulated Electricity M arket in Texas ........................................................................ 501 C. The Changing Role of the PUC and the Introduction of the Deregulated Electricity Market in Texas .................................. 502 Ill. THE CHALLENGES THE PUC FACES TO KEEP TEXAS'S ENERGY M ARKET DEREGULATED ................................................................... 504 A. M arket M anipulation ............................................................... 504 1. The Balancing Energy Services Market ............................. 504 2. How the PUC Is Fighting Back ......................................... 507 B. Failing Energy Companies ...................................................... 508 1. Blame it on Zonal, Switch to Nodal ................................... 511 2. Does Setting Low Barriers to Enter the Energy Market Foster or Dampen Competition? ....................................... 512 C. The Volatile Cost of Natural Gas ............................................. 514 D. Problems Facing Texas as It Attempts to Move Away from the Natural Gas M argin ................................................................. 515 1. C oal ................................................................................... 5 15 2. N uclear .............................................................................. 516 3. W ind .................................................................................. 5 17 IV . C ONCLUSION ..................................................................................... 517 I. INTRODUCTION The economy is down, unemployment is up, each summer sets new heat records, and energy prices are constantly rising-a pretty dark picture, but imagine looking at it without any lights. This is a real possibility for more than 497

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