(May 16 2008) Texas Pre Buy Power has gone out of business. This electric provider in Texas was based on the business model of selling energy by having their customer pre pay for the energy they sell. This seems to make sense and a fail safe way to make sure you get your money. One mistake many providers make is not hedging the energy they sell. If the market goes up beyond the levels the energy provider in Texas expects they could be upside down in their energy investment and either pass this mistake on to their customers or go bankrupt. In this case their customers have the option to stay with the company or shop elsewhere. Apparently most of their customers went shopping elsewhere.

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Richard Womeldorf
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Have A Safe 4th of July

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