it has become "clear that broad-based reforms are needed now more than ever to prevent the continued California-zation of Texas."Uhh, centralization of power is what will cause that horrible fate.
* Operating income fell 1.4% to $844 millionRather thin gruel for such a large operation.
* Operating margins declined to 2.8% from 3.0% a year ago and from 3.2% two years ago
* Net income (after net interest expense and income taxes) fell 5.7% to $515 million.