It was only 3 years ago that electric power was de-regulated in Texas. It was only 1 year ago that Dallas' TXU announced the novel money-saving strategy of laying off their workforce -- except for the executive management team -- in favor of outsourcing. Now TXU is planning to "spin its electric transmission business into a new public company that could be valued at more than $10 billion." Nice work.
Oh. And nice work by the Dallas Morning News, who graciously allowed sparkspread.com to break the story and the New York Post to pick it up. Yeah -- The Post.