$105 Million Settlement in Market Manipulation Case

$105 Million Settlement in Market Manipulation Case

$105 million — that’s how much Barclays Bank and several former energy traders will pay after being accused by federal regulators of improperly manipulating electric prices in California during 2006 and 2008. Although less than the $487.9 million originally sought,...
Wind Power to Surpass Coal in Texas, Expert Predicts

Wind Power to Surpass Coal in Texas, Expert Predicts

With the expected retirement of several aging plants and the continued growth of wind power, the production of electricity from wind turbines may soon supersede that from coal in Texas. That’s the word from University of Texas-Austin research fellow Joshua Rhodes, who...
TXU Customers in Texas, But Bankruptcy in Delaware

TXU Customers in Texas, But Bankruptcy in Delaware

Most of its employees live in the Dallas area. Its transmission lines crisscross the state. It has millions of retail customers from McAllen to Plano. And so why is Energy Future Holdings, the largest electric company in Texas, undergoing bankruptcy proceedings in...
Of Mothballs & Museum Pieces

Of Mothballs & Museum Pieces

It’s been suggested that Luminant”s recent decision to retire or mothball 12 older gas-fired plants is just another example of the invigorating powers of that tonic known as electric deregulation. The plants in question are all 40 and 50 years old. Under the...