TXU TAKES HIT FROM WSJ

An alert FrontBurnervian (so alert that I can tell he didn’t attend last night’s party) points us to this story from the WSJ. It begins:

Top executives at many utility companies have reluctantly accepted that coal-fired power plants contribute to global warming, and they have begun planning for a more restrictive future.

Then there is C. John Wilder, chief executive of TXU Corp. The Dallas-based utility company is racing to build 11 big power plants in Texas that will burn pulverized coal. That process releases substantial amounts of carbon dioxide, the most worrisome of several heat-trapping gases widely blamed for global warming.

I’m sure the sting of the article is palliated by the rise in TXU’s stock since Wilder took over and the dump trucks full of money that he got as a result.

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