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05/07/2014

Texas PUC to revisit rules governing electricity bidding

Texas Tribune has a follow-up on the lawsuit that two energy trading firms in April sued Houston-based power company GDF Suez over what the firms said was improper bidding in Texas' wholesale power market. The Star-Telegram reported that lawsuit here. The Texas Tribune article says "Texas regulators will take a fresh look at an eight-year-old rule that allows certain electricity generators to 'swim free' of safeguards against manipulation of the wholesale energy market — a practice that critics say can lead to higher bills for consumers." A link to that report is here.

-- Jim Fuquay

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