Texas utility finds Dodd-Frank a source of frustration

For publicly owned Austin Energy, adapting the new US regulatory environment following the passage of the Dodd-Frank Act has been a bumpy ride

Erika Bierschbach, Austin Energy

Publicly owned utilities are an unusual creature in the US energy markets. As arms of state or local governments, they are nonprofits committed to returning excess revenues to their communities. At the same time, they trade physical power and gas and financially settled energy derivatives just like any private company, venturing into the rough-and-tumble of the markets.

So it was a surprise to