AARP intervenes in TXU buyout

by PegNews wire

The elderly wish to have their say in TXU's fortunes.

Photo not provided by AARP

Afford as much, you cannot, when 900 years old, you will be

DALLAS — AARP has filed a motion to intervene in a Public Utility Commission case dealing with the leveraged buyout of TXU Corp. The case involves Oncor Electric, the business unit of TXU that provides transmission and distribution lines and is still regulated by the commission.

AARP and other consumer groups have repeatedly expressed concern that the TXU buyout will significantly increase rates for customers in the months and years ahead.

"More voices need to be heard before anything becomes final," said Bob Jackson, AARP-Texas state director. "In this case, over one million of our 2.3 million members in Texas reside within Oncor's service territory and would be directly impacted by the outcome of this proceeding. This intervention builds on our commitment to fight for lower electricity rates for all Texans."

Source: AARP