Texas-sized bankruptcy began with tacos at the Capitol

Opinion: Private-equity holdings lobbied hard for their own financial disaster

By: Al Lewis |

One of the biggest bankruptcies in the world began with 2,400 breakfast tacos.

Back in 2007, lobbyists were in Austin to make sure the Texas Legislature didn’t do anything to spoil plans for private-equity companies to buy out Texas-based utility company TXU.

Lobbyists […]

2015-05-07T15:44:21-05:00April 30th, 2014|Texas Market|

Energy Future Holdings Files for Bankruptcy

Texas Energy Firm’s Chapter 11 Filing Among the Biggest Ever, Follows Talks With Creditors

By: Peg Brickley |

Energy Future Holdings Corp. filed for Chapter 11 bankruptcy Tuesday, after months of negotiations with creditors aimed at speeding the restructuring of the private-equity backed utility’s debt load of more than $40 billion.

With more than $100 million in […]

2015-05-07T15:35:29-05:00April 29th, 2014|Texas Market|

FirstEnergy withdraws electricity fee

By: Andrew Maykuth |

FirstEnergy Solutions, facing an uproar in several states over its proposal to charge fixed-rate residential electricity customers a one-time fee of $5 to $15 to offset high winter costs, has decided to rethink that idea.

“Even though our contracts allow us to pass through surcharges, we have decided we won’t seek reimbursement […]

2015-05-07T15:35:29-05:00April 28th, 2014|Pennsylvania Market|