Maybe its time for an independent citizen audit of the Georgetown electric company. Mr Baker is right, it seems the city is in over its head trading energy derivatives.
Thursday, December 6, 2018
City Trading Derivatives in ERCOT Electric Market
Citizens are concerned about the city's ability to trade in ERCOT's energy market with derivative financial instruments. There are several letters in the Wilco Sun questioning how the city has managed to lose millions of dollars with its electric utility. A retired seasoned trader who lives in Georgetown penned the following letter to the Wilco Sun newspaper.
Maybe its time for an independent citizen audit of the Georgetown electric company. Mr Baker is right, it seems the city is in over its head trading energy derivatives.
Maybe its time for an independent citizen audit of the Georgetown electric company. Mr Baker is right, it seems the city is in over its head trading energy derivatives.
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