Little Electric Company to Pay Big Penalty

Little Electric Company to Pay Big Penalty

Proton Energy, a tiny Texas retail electric company accused of being a serial rules violator, has agreed to a $400,000 penalty and a change in ownership, according to documents filed at the Texas Public Utility Commission. The PUC accused Proton in September of more...
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...
Electric Generator Accused of Abusing ERCOT Market

Electric Generator Accused of Abusing ERCOT Market

An electric generation company may have improperly manipulated the Texas energy market for financial gain, according to a federal lawsuit filed in Houston. GDF Suez, a Houston-based generator with facilities around the state, is accused of intentionally withholding...
Variable-Rate Deals: Buyers Beware

Variable-Rate Deals: Buyers Beware

Beware variable-rate deals. The popular electricity offers may look tempting, but they can become very expensive … very quickly. What’s a variable-rate deal? In areas of Texas with electric competition, electricity is typically sold for a fixed-term or on a...
Little Electric Company to Pay Big Penalty

Little Electric Company Faces Potentially Big Fines

Proton Energy, the little company that couldn’t, is making headlines again. As detailed by Dave Lieber of the Dallas Morning News, the electric retailer that operates out of a gas station faces an additional $600,000 in fines. That’s on top of the more than $2 million...