Texas Appeals Court Clears Energy Co.'s Public Utility Buy

Law360, New York (March 15, 2012, 5:02 PM EDT) -- A Texas appeals court on Thursday upheld a decision that Texas Energy Future Holdings Partnership's acquisition of an electric utility was in the public interest and that the Texas Public Utility Commission was not wrong to limit its authority to enforce only business commitments affecting public utilities.

The Texas Court of Appeals, Third District, found that the commission was right in deciding that only it has the authority over transactional commitments involving public utilities and not their affiliates, overriding objections by steel manufacturer Nucor Corp. and...
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