POSTED: Thursday, September 12, 2013 - 7:00am
UPDATED: Thursday, September 12, 2013 - 7:14am
Power company could run out of money before the year’s end
Houston — The Houston Chronicle is reporting; bankruptcy of Texas Competitive Electric Holdings, owner of retail electricity provider TXU Energy and power generator Luminant, is imminent, Moody’s analysts projected in a report this week.
The power company could run out of money before the year’s end, soon followed by the bankruptcy of its parent, Energy Future Holdings.
To read more, head to The Houston Chronicle's website:http://fuelfix.com/blog/2013/09/10/moodys-bankruptcy-of-txu-energys-parent-company-is-imminent/?cmpid=hpts