Nick Loris was quoted by the New York Post on Governor-Elect Hinojosa’s plan to freeze electirty rates.
He expects the emergency declaration will face legal challenges almost immediately from energy providers. In particular, he cast doubt on the scope of the emergency declaration.
“The Texas Disaster Act lets the governor declare disasters and suspend the regulatory laws and statutes that are in existence. But I think there is a high degree of skepticism, both from courts but also from state policymakers, that this warrants such a claim — and that it is such a disaster,” Loris told Fox News Digital.
“I would imagine if there were legal challenges, it would come from those affected parties,” he added.
Loris explained that Texas has fostered one of the most competitive energy environments in the country.
