Texas’ Biggest Power Company Files For Bankruptcy http://n.pr/1rCj1mY
Forgive me, but I dont see this as a terribly bad thing. Lower energy prices for consumers while speculative high rollers get burned because they were betting prices would continue to rise. I feel bad for the rank and file employees who may lose their jobs, but thats about it. Millions of consumers are paying less for energy…and I’ll bet that Chapter 11 protection keeps the executive management team warm, dry (and handsomely compensated) regardless anyway.