The agreement by Dallas-based TXU Corp. and backers of a $45 billion buyout of the Texas utility to drop plans for eight coal-fired power plants and cut consumer rates isn’t quite the giveback it seems when one considers what the plants’ absence from TXU’s portfolio would do to heat rates.
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Articles from Contingency
Bush Administration Doles Out $733M in LIHEAP Aid
The Bush Administration on Thursday said it released $100 million in emergency contingency funds to states, Native American tribes and territories to assist low-income customers with their energy bills this winter, along with $633 million in block grant funds to states.
January 6, 2006
Nevada PUC Finds Positives in Court Ruling on Enron Contracts
While its private sector electric utilities squirmed and made contingency plans for a possible Chapter 11 bankruptcy filing, Nevada’s energy regulators put a positive spin on an adverse Enron Corp. court ruling that went against the state’s two electric utilities late last month. When the three-member Nevada Public Utilities Commission met last Wednesday the court decision wasn’t mentioned.
September 8, 2003
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