4th Texas electric company to fold
By R.A. Dwyer | Fort Worth Star-Telegram
AUSTIN — Yet another financial failure by a Texas electric company means thousands more ratepayers will likely get dumped into high-cost default service, according to a regulatory spokesman.
The company, Riverway Power of Houston, had earlier filed for bankruptcy, but continued operations.
However, a Houston bankruptcy court on Tuesday dismissed the bankruptcy case, meaning that as many as 6,500 Riverway customers will likely be shifted to high-cost default providers, according to a spokesman for the Texas Public Utility Commission.
Read the complete story at star-telegram.com
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