Thursday, February 10, 2011

FLASH - FOR IMMEDIATE RELEASE....

The REP named Abacus Resources has withdrawn from the market either voluntarily or by direction.  More than 7,700 retail electric customers in Texas are being forced to switch to other providers after Abacus defaulted on its obligations to the Electric Reliability Council of Texas.

ERCOT said today that well over half of the customers are in the Oncor service area and the bulk of the others are served by AEP Central and CenterPoint.

This report courtesy of The Texas Energy Report.

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