TXU “We will shut down power. oops we didn’t mean that”

Posted on April 7th, 2007 by Dig ad veritas

Star-Telegram.com | 04/07/2007 | TXU apologizes for PUC filing
The letter, sent to the PUC on Monday by TXU Wholesale Chairman Mike McCall, came as the company jousted with regulators over $210 million in proposed penalties levied in March for allegedly manipulating the Texas power market in the summer of 2005. McCall wrote that if the [...]

Filed under: TXU, public utility commission, texas | 1 Comment »

Trust us, we’re from TXU

Posted on March 13th, 2007 by TechDigger

Report: TXU manipulated Texas power market | Chron.com - Houston Chronicle
ARLINGTON — TXU Corp. manipulated the Texas electric market in 2005, costing consumers $70 million and giving the utility $20 million in extra profits, according to an outside expert whose report was released by state regulators today.
TXU, the largest power generator in Texas, sold power [...]

Filed under: PUC, Potomac Economics, TXU, Troy Fraser, deregulation, price manipulation, public utility commission, texas, utility regulation | 1 Comment »