TXU/Energy Advisers Bankruptcy: Commodity Price Reality Bites
- Friday, February 21, 2014, 9:21
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It appears as if the former TXU, a major Texas utility, will become the 10th largest American bankruptcy soon, and the possibility that this was avoidable needs to be considered. Reports indicate that the biggest problem was a 2007 bet that natural gas prices would rise. Sounds rather like Aubrey McClendon at Chesapeake Energy.
http://www.forbes.com/sites/michaellynch/2014/02/21/txuenergy-advisers-bankruptcy-commodity-price-reality-bites/
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