Opponents have sued Texas regulators as well as TXU. They are asking the Texas legislature to impose a moratorium on new coal plants. They have taken their case to Wall Street, where Merrill Lynch, Morgan Stanley and Citigroup, the lead underwriters for the plants, have come under fire. They are telling the TXU story in Washington as Congress moves closer to setting mandatory caps on greenhouse-gas emissions.
linkMore interesting still, is this announcement yesterday:
Merrill Lynch & Co., Inc. today announced that Harold E. Ford, Jr., former congressman, Ninth District of Tennessee, will join the company as vice chairman and senior policy advisor, effective March 5. Mr. Ford will advise senior management on domestic policy issues, serve as a member of the firm's public policy and social responsibility management committee, and support a variety of business development initiatives in the institutional and retail markets.
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