Well here I am amongst by way-betters, but I felt compelled to write in based on the terrific environmental writing I’ve been reading over here.
Maybe you’ve heard of the TXU deal. TXU is a big-ass Texas Utility company which was recently bought up by a group of private-equity firms. This has been a big deal in Texas, where population is skyrocketing and power-needs exploding. The answer for TXU, like a lot of other companies, has been coal, and plenty of it. The new buyers were poised to build eleven coal-fired power plants in Texas. Not exactly what environmentalists and other oxygen-loving Austin-based life forms like to hear.
The Environmental Defense Fund, and a few thousand Texans, were ready to fight them to the end of their own pocketbooks.
What happened next is, at least on the surface, quite the good news. Read more
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