Texas Ranked First in Energy Regulation - Newschannel 6 Now | Wichita Falls, TX

Texas Ranked First in Energy Regulation

New numbers are out on Tuesday showing the most economically efficient states and Texas tied for first.

They tied with Alabama, Alaska, and South Dakota.

The report released by the Pacific Research Institute looked at different economic perspective, including production, consumption, and competition.  The study found Texas, allocated resources like oil and gas, to get the most of the production.

While the author of the study said Texas does a number of things well, he added the state also has short falls.

“One thing it does very well is promote retail choice, but they had a lot of regulation on energy transmission.  Energy producers don't have as much flexibility as other states,” Wayne Winegarden said.

The study also showed a positive outlook for the state's growth rate.  Winegarden said economically efficient states, such as Texas, usually produce more employment and economic growth.
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