Friday, April 27, 2007

UPDATE 1-Texas House OKs bill to cap plant ownership

(Reuters) - The House measure is a weaker version of legislation passed last month by the Texas Senate.

The House bill limits companies from owning more than 20 percent of installed generation available to Texas' primary grid, known as ERCOT, or more than 40 percent within smaller power zones, compared to a 25-percent "per zone" cap under the Senate version.


Read more at Reuters.com Mergers News

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