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March 14, 2007

Nuke plants for Dallas, and the TXU deal in trouble

TXU’s buyout by leveraged buyout giant Kohlberg Kravis Roberts sounds like its in some trouble. The Securities and Exchange Commission has launched an insider-trading lawui

insider trading lawsuit against the deal.

TXU has also announced plans to buy two nuclear reactors from Mitsubishi and erect them in the general vicinity of Dallas.

Now, as long as we address the nuclear wastes issue, I’m OK with nuclear power. The insider trading allegations … hmm, wonder how Environmental Defense, the environmental group that helped broker this deal, is going to deal with this. And, are any of its actions a party to the suit?

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