The collapse of a giant Texas utility is bringing out the inner vulture of private-equity mogul David Rubenstein.
Rubenstein’s Carlyle Group, through its Claren Road hedge fund, snapped up debt in Energy Future Holdings’ Texas Competitive power plants at a steep discount before it went bust last month — hoping to make money when the restructuring played out, sources said.
Keep reading at the New York Post.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.