Thursday, November 15, 2007

Electric Companies Pay Off Lobbyists

Have you ever wondered why Texas' residents electricity bill is so how? Well, read the following:

The electricity industry paid for 343 lobbyists -- almost two for every lawmaker.

CenterPoint Energy paid for 16 lobbyists, spending somewhere between $645,000 and $1.3 million.

American Electric Power, which provides electricity to parts of south and west Texas, had seven lobbyists. It paid between $725,000 and $1 million.

The Association of Electric Companies in Texas paid for 21 lobbyists, spending between $460,000 and $975,000.

The total lobbying tab for all of the electricity industry was somewhere between $10 million and $20 million.

Where does that leave you? Critics say it can cut the consumer almost completely out of the legislative process. They say the industry gets much of what it wants, despite complaints by customers.

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