Electric Deregulation

AUSTIN, Texas (AP) - Two Texas lawmakers are pushing proposals they say will make electricity more affordable.

Rep. Jim Keffer, an Eastland Republican, and Sen. Wendy Davis, a Fort Worth Democrat, said Monday their legislation would affect the wholesale and retail markets.

One proposal would prevent a company from owning more than 20 percent of generation in a smaller market. Currently, that limit applies to the whole state. The lawmakers also they want to let local governments enter into low-rate electricity deals.

Texas approved its deregulation law in 1999, but Keffer and Davis say changes are needed to make the deregulated market work well. Electric industry officials say the competitive market is working.

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