bogey21
TUG Member
I live in Texas and for years bought my power in Texas. I probably had 50 providers and 400 plans to choose from, some Fixed Rate, Some Variable Rate with terms from 30 to 360 days...
Those with the huge bills ($6,000 to $9,000) you read about in the press come from one company that offered a plan costing $9.99 per month and charged its cousomers the wholesale price for electricity. Those who chose this plan benefited mightily month after month after month. Most months they paid little or nothing. Some months they even got paid for their use of electricity. Basically they gambled and during the recent freeze they got nailed. Now they want the State (that is the rest of us) to bail them out. It is no different than someone going to Vegas putting all their money on Black, losing and wanting the rest of us to bail them out. I say No Way!!!
George
Those with the huge bills ($6,000 to $9,000) you read about in the press come from one company that offered a plan costing $9.99 per month and charged its cousomers the wholesale price for electricity. Those who chose this plan benefited mightily month after month after month. Most months they paid little or nothing. Some months they even got paid for their use of electricity. Basically they gambled and during the recent freeze they got nailed. Now they want the State (that is the rest of us) to bail them out. It is no different than someone going to Vegas putting all their money on Black, losing and wanting the rest of us to bail them out. I say No Way!!!
George