Current Events — HabitableZone

Current Events » in reply to A note on the TXU buyout

"forces of the free market."

The announcement on the deal can be found here.

I'm not sure I would consider a company being kneecapped by the regulatory process to the point where it could be cheaply acquired by a politically-correct group as a sterling example of the free market in operation.

Keep in mind that bringing down a power company is one thing, but at some point the new boys are going to have to deliver power to their customers without those coal-fired plants, or any other viable alternative. Details on that part of this great environmental victory seem to be a bit sparse so far.

We'll see how the market treats them then.

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