ALEC Corp Member Files Bankruptcy

If you didn’t already know – as part of the failed re-branding attempt of the American Legislative Exchange Council – they have renamed their private sector BOARD to an ADVISORY COUNCIL.

Doesn’t matter what they call them, the Board/Advisory Council  – facilitates the private sector writing legislation and then handing it off to ALEC state legislators to implement in YOUR state.

Anyhoo  ….. 

Considering ALEC’s PUSH for privatization of everything – because the private sector supposedly does such a damn good job – better, more economically (according to ALEC) – here’s snip about a failure that ALEC legislators should take into consider.

This is a sample of the companies, sitting on the ALEC renamed private sector board -  “advising” ALEC state legislators – god forbid!!!

EnergyFuture Proposes Pre-Packaged Bankruptcy of Some Units

By Beth Jinks & Mark Chediak - Apr 15, 2013 6:39 PM CT

Energy Future Holdings Corp., the power producer that was taken private six years ago in the largest leveraged buyout, proposed a pre-packaged bankruptcy that would put Texas Competitive Electric Holdings, which sells power on wholesale markets, and some other units in Chapter 11.

SNIP

Energy Future’s losses may widen as hedging contracts used to shield against fluctuations in gas prices disappear by the end of 2014. Energy Future lost $3.36 billion last year, 76 percent more than its $1.91 billion net loss in 2011, according to data compiled by Bloomberg.

Oh, By the WAY - - - -

    ALEC Private Enterprise Council Members

    Ms. Sano Blocker

    Energy Future Holdings

Wonder how much money they still plan on giving ALEC?

 Don’t know who/what ALEC is?
It is time you did!!!

 Watch Bill Moyers' Expose on the American Legislative Exchange Council.
United States of ALEC.

For lots of info about the American Legislative Exchange Council
check out this webpage
ALEC Exposed