More proof that electric competition is working

A month ago, Pennsylvania regulators held a hearing on the state's competitive electric market, because so few residents are switching providers. For advice, they turned to Texas, inviting a top regulator along with some industry executives.

Barry Smitherman, chairman of the Texas Public Utility Commission, gave the opening address. Jim Burke, CEO of TXU Energy, was also on a panel.

"Texas is widely viewed as the most successful state in transitioning to a competitive model," said Ritchie Hudson, Pennsylvania chairman of the Retail Energy Supply Association.

Read more: