Underwriting The Wind

Law360, New York (December 20, 2010, 12:39 PM EST) -- In the late 1940s my great-grandfather took down the windmill on his property near the Red River in North Central Texas. This was a not-so-subtle way of letting the neighbors know the family had public utilities — a point of great pride. But today, Texas ranchers and farmers are returning to wind power and participating in the delivery of power to public utilities. Texas has the largest wind farm in the world and produces more wind energy than any other U.S. state. The pumpjacks in West...
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