The New ACU Blogad about the Proposed Purchase of Texas Utilities
If you support your humble servant by clicking on the American Conservative Union ad at the right, you will go to an excellent column by J. William Lauderback about the private-equity purchase of the public utility company Texas Utilities (TXU). The buyers are the famed investment firm Kohlberg Kravis Roberts & Company and another equity investor, Texas Pacific Group. Their intent is to buy TXU and divide it into three separate companies.
Lauderback’s main argument is that the Texas Legislature shouldn’t intervene in the transaction because it’s good for everyone. Fair enough, but I think readers should go read Lauderback’s full column, because he expresses what I think many will see as quite unorthodox reason as to why the deal is going to be so good for everyone.
Believe me, it’s worth a click-through to see what that reason is; it has profound implications if Lauderback is really correct, which is of course debatable. Speaking of debate, all are of course welcome to come back here and comment on Lauderback’s column if they are so inclined.
