TXU BUYOUT IS A WIN-WIN

If you’ve seen the headlines, you probably know that TXU has agreed in principle to the largest buyout offer ever–a $45 billion offer, to be exact. (I was saving my pennies, but some more organized guys beat me to it…) The good news is that this buyout may save us from the creation of 8 of 11 new coal plants. Additionally, the potential buyers are saying they will invest in coal gasification technology, a process that removes carbon dioxide emissions before they are released into our air. Perhaps there is hope yet for Dallas air quality–and perhaps Governor Perry will be forced to look elsewhere for hefty campaign contributions.