Archive for May 28th, 2008

Random News Wednesday, May 28, 2008

Add comment May 28, 2008

National Power Company Lost the Battle but Won the War on Dropping Customers

Yes, they are out of business.  I had a feeling when they were so desperately wanting to drop the fix rate customers, they were in some financial troubles.  NPC did not foresee that breaking contracts would attract Texas PUC’s attention, so they were “nicely” reinstate all the fix rate contract right away.  I believe that they knew they were going to have their way anyway to get rid of the fix rate customers but without PUC’s possible sanctions, so they go out of business.  Lesson to learn for them is that don’t promise something you can’t keep.  I don’t regret that I switched to them because overall I still saved for last 8 months.  Will I play safer in the future you may ask?  You bet!  Time to go shopping for electricity provider again!

National Power pulls the plug

3 comments May 28, 2008


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