Texas Regulators Want To Weigh In On TXU Deal

Law360, New York (March 9, 2007, 12:00 AM EST) -- The controversial $44 billion takeover of TXU Corp. has sparked discussion in the Texas Senate about whether the state's utilities regulator should have more power to review and take action on mergers.

Although the Public Utilities Commission of Texas has the power to investigate the market effects of mergers and transactions in the industry, the law does not specify when it should intervene, said Terry Hadley, a spokesman for the Utilities Commission.

This omission gives companies the chance to disclose information later and the agency less...
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