www.reuters.com
I KNEW the taxpayers would foot the bill for Texas' private grid.Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt
The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator.
Interesting, no? Socialize the debts?
yup
Yep, knock me over with a feather.
Texas wants to secede, now would be a good time
Don't hold you breath, I'm not. We have a lot of dumb asses in this state. It's improving, but slowly.
Hah! Bring lots of back-up generators!
Those are spur straps.
i think it will get worse. it's that hardheaded thing they do.
Texas is a lone star, let them pay for their idiocy.
they're gonna take all the CentGov $$$$ they can get.
Absolutely not. Seize their assets and prosecute those in management who allowed it to happen to increase profits. Reorganize the assets as a not-for-net profit publicly owned co-operative utility.Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt
The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator.
Interesting, no? Socialize the debts?
Sure seems like that is what is being done. The offshoot of not having a state income tax and a part-time government more focused on national events than nuts and bolts local issues is that very basic services are often not glamorous enough to garner the attention of state law makers. The other thing is that, for the most part, they are largely incompetent. Dan Patrick--the Lt. Governor--was a sportcaster by trade. He had some name recognition which lead to his getting involved in politics and now he essentially runs the state. The result...when the temperature gets moderately cold, we have abysmal power failures and, like clockwork, it will flood in many communities across Texas this spring/summer. Guaranteed. On the bright side, there are no regulators so the plants that will have leaks and explosions will be quickly taken off the front pages by the "natural disasters" that happen with shocking regularity.
There's no hypocrisy like Texas hypocrisy....
It happens all the time, this crazy capitalism of mine, wraps around my heart and tears my wallet apart. I have said numerous times and will repeat it here again. The R's are the true socialists. They brag about their beloved free market capitalism until it crashes and we the taxpayers have to pay for what the super wealthy ****ed up.
