5 Texas Energy Companies out of Business in Texas
Another electric company in Texas were hit by the index market skyrocketing prices when they coudln’t afford the wholesale market financial requirements. The MCPE market spiked and they were not able to afford to keep their customers. They have started the process of letting all 2,000 of [...]

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Riverway Power attempted to declare bankruptcy as a way to keep their existing Texas electric service customers to reorganize and start over again. The Public Utility Commission of Texas asked them if they would be going ahead with the bankruptcy filing and the owner of Riverway Power said, “no we will not be able to [...]

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An ex-employee at NPC has provided some information on the status of National Power as of today (June 6 2008). Apparently they are shredding documents. This may be a good or bad thing. Since all their customers credit card information is on file in hard copy they may be trying to destroy that information so [...]

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Freedom Power appears to be the fifth Texas electric company going under according to this recent comment. I called Freedom Power and asked them if they are going out of business. The lady on the phone didn’t seem too surprised by the question but said, “No, we are just working through some kinks in the [...]

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Today Pre Buy Electric of Texas has Gone Bankrupt or Have They?
Wow, Texas electricity rates are at a 3 year high right now and with electric companies breaking fixed rate contracts on their customers it is no surprise that Pre Buy Power also known as Pre Buy Electric has gone out of business and had [...]

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June 6th 2008 Riverway files for Bankruptcy! 4 Electric Providers Gone this Summer
Riverway over the last few months sold electric prices way below the market price most energy providers in Texas were pricing at. The prices looked a little too good to be true and sure enough all they were doing is buying their [...]

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