PUC Says It Has No Authority to Hold TXU Accountable
Vince Leibowitz | Aug 17, 2007 | Comments 0
Add the ranks of the Public Utility Commission to those of state agencies that amount to little more than toothless tigers:
The Public Utility Commission on Thursday said it lacks authority to hold investors buying Dallas-based TXU to their stated promises to reduce electric bills and build fewer coal plants.
The commissioners chastised the investors for saying in published comments that oversight from state regulators was welcomed and then filing legal briefs opposing the review.
“Your PR campaign is different from your legal position,” said Chairman Paul Hudson.
I think anyone with a brain from TXU on down knew that the PUC couldn’t actually make TXU did what it said it was going to do. Furthermore, that TXU opposed itself shows that they knew the PUC had no authority.
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PUC Says It Has No Authority to Hold TXU AccountableSubmitted by: CapitolAnnex on 8/17/07 via feed from Capitol Annex Add the ranks of the Public Utility Commission to those of state agencies that amount to little more than toothless tigers : The Public Utility Commission on Thursday said it -
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