An Experiment in Scotch

Yes­ter­day, I wrote about TXU try­ing to black­mail its cus­tomers and the pub­lic by say­ing it would close down plants if it had to pay the fine rec­om­mended by the PUC of Texas.  Today, they have a dif­fer­ent view on things after leg­is­la­tors and the pri­vate equity firms try­ing to buy TXU had some­thing to …

That’s why they are threat­en­ing to shut down plants if the state fines them for manip­u­lat­ing the whole­sale mar­ket, not unlike Enron did.  This is a poorly con­cealed effort at black­mail and it shouldn’t work.  If they did manip­u­late the whole­sale mar­ket (which an out­side mon­i­tor decided they did), then they ought to be pun­ished …