TXU takes the citizens of Texas for a ride
The hard way, baby.
So, TXU, MY provider of electricity, has threatened to turn of a number of power plants in the state if $200 million in fines are not alleviated. The fines were levied against them for manipulating the energy market in the summer of 2005, resulting in higher energy costs for consumers.
They're threats would disrupt energy supplies for Texas consumers. Yeah, they're holding us hostage unless we look the other way on their unfair market practices.
So, TXU, MY provider of electricity, has threatened to turn of a number of power plants in the state if $200 million in fines are not alleviated. The fines were levied against them for manipulating the energy market in the summer of 2005, resulting in higher energy costs for consumers.
They're threats would disrupt energy supplies for Texas consumers. Yeah, they're holding us hostage unless we look the other way on their unfair market practices.
1 Comments:
To be honest, corporations have been doing this in a variety of ways for a long time. A corporation will say, "Lower our taxes or we'll move out of the state/country" and, if they're big enough, they'll get massive concessions. This is just a variation of that.
I, personally, think that Texas should just seize and run the power plants directly for flouting their laws. This is what they'd do to a person, after all, and corporations are big on being "legally people".
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