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Electric cos offers discounts for off-peak power

TXU Energy and Reliant have begun offering pricing plans that charge more for electricity consumed during peak times, and discounts for electricity used at other times. The companies only offer the pricing plan in neighborhoods where Oncor has installed advanced...


Analyst: Without hedges, EFH would be toast

Energy Future Holdings squeaked out a profit in the third quarter thanks to the company's hedging program that protected it from low electricity prices. The hedging program, which involves buying investment securities as insurance against price volatility, expires in 2012....


EFH swings to a third quarter loss of $80 million

Energy Future Holdings, the former TXU Corp., reported on Friday its third-quarter results swung to a loss of $80 million from a profit last year of $3.617 billion. The results include wide changes in the value of their hedging portfolio....


CreditSights calls TXU buyout 'Unholy mess'

Most of the analysts who follow Energy Future Holdings agree that the company is in trouble. But usually, these analysts give their dire warnings in off-the-record conversations. Not CreditSights. Check out their note on EFH's distressed debt exchange, titled "Throwing...


Valero's climate change bill strategy: Hope it dies

San Antonio refiner Valero has become unusually vocal about it's do-nothing strategy for potential climate change regulations. According to this Bloomberg story, Valero's chief executive isn't making any plans to buffer the cost that the climate change bill would...


Freestone County, home of Luminant coal plant, buys air monitor

The Freestone County Commissioners, who couldn't agree several years ago on whether to stand up to TXU Corp. when the company considered expanding the local coal plant, are now buying themselves an air monitor. Three commissioners, Clyde Ridge, Stanley Gregory...

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