$1.8B Entergy Deal Could Harm Texas Consumers, State Says

Law360, New York (April 2, 2013, 8:47 PM EDT) -- The Public Utility Commission of Texas told federal energy regulators Friday that consumers could get shortchanged under the terms of a merger between Entergy Services Inc.'s Texas subsidiary and an ITC Holdings Corp. subsidiary, a tie-up that is part of a $1.78 billion, multistate energy deal.

The commission told the Federal Energy Regulatory Commission that a decades-old power-sharing agreement among Entergy subsidiaries that enables Entergy to optimize costs for its overall system and would remain in effect post-merger, doesn't minimize expenses for individual operating companies —...
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