States Step Up Vigilance Of Energy Mergers

Law360, New York (May 18, 2007, 12:00 AM EDT) -- Since the Energy Act of 2005 deregulated the public utility industry and ignited widespread consolidation, utility mergers have been facing heightened scrutiny from state regulators skeptical of massive cross-border unions.

This increasingly critical eye toward utility mergers has been evident in Maryland, Montana, New Jersey, New York and Texas, among other states.

Most recently, Texan lawmakers rallied against the proposed takeover of TXU Corp., moving to pass legislation that threatened to give the state broader review powers. Though legislators eventually compromised by excluding TXU from the...
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