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Environmental groups have an impact on KKR buyout of TXU Corp - aka Texas Utilities (TXU).   They managed to force the company to reduce the total number of  coal plants being planned in Texas from eleven to three.

Article at Business Week Online.

Did David Neubert buy TXU?

Rain Forest Action Network on "What Happens Next"

The Daily Grist calls it "Texas Fold 'em" 

 

 

 

Home Neubert's Trades I Wish All Companies Could Be As Innovative As Little Central Vermont Power (CV)
I Wish All Companies Could Be As Innovative As Little Central Vermont Power (CV)
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Written by David Neubert   
Central Vermont Power (CV - $35.27) continues to come up with programs to make its electricity more valuable and the planet less carbonated.  In addition to their program to turn cow manure from dairy farms into methane and electricity, they are now getting into converting hybrid-electric cars.  I'll continue to call this an implementation of Electricity 2.0. Disclosure:  I used to own CV but I do not now.  I bought Central Vermont Public Service in the mid-teens and sold it at $21.95 last July. I thought it was fully valued then. Now the stock is 50% higher at $35.  I think it's even more overvalued now, but perhaps their ongoing innovation deserves a second look.

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