Texas Joins Multi-State Effort to Prevent Vanguard From Exerting Excessive Power Over Utility Companies

Started by Epoch-Times-Bot, Jan 06, 2023, 06:00 PM

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Epoch-Times-Bot

Jan 06, 2023, 06:00 PM
Texas Joins Multi-State Effort to Prevent Vanguard From Exerting Excessive Power Over Utility Companies

Over concerns of increasing energy costs, Texas has joined a multi-state effort to curb the power of investment fund management company Vanguard over publicly traded utilities, Attorney General Ken Paxton announced on Jan. 3.
The Lone Star state is joining Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Ohio, South Carolina, and South Dakota, who, through their attorneys general, are part of a Utah and Indiana-led motion to intervene in a Federal Energy Regulatory Commission (FERC) proceeding to prevent Vanguard from exerting too much power over publicly traded utilities.
Vanguard is requesting a three-year extension of its previously authorized authority to acquire voting securities in utility companies with up to 20 percent ownership....

Source: Texas Joins Multi-State Effort to Prevent Vanguard From Exerting Excessive Power Over Utility Companies

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