$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 —...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.