Defaults by private equity-related loans reached a high of 6.7% as of April 30, 2014, driven by Energy Future’s bankruptcy. That was the third peak since the late 1990s, after the first peak in the early 2000s and the second peak in 2009.
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Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.