Thousands of Texas electric customers will be involuntarily switched to new providers as companies fail

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Thousands of Texans will be involuntarily switched to a new electric company, as a number of electricity providers cannot meet their financial obligations to serve their customers.

In response, at an emergency meeting on Friday, the Texas Public Utilities Commission gave authority to TXU Energy to absorb customers of failing companies and to offer them competitive rates.

It’s happening…

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