Articles filed under Taxes & Subsidies from Texas

Trouble on Green Mountain

In June, Austin-based Green Mountain Energy Company – self-described as "one of the nation's largest retail providers of cleaner electricity products," generated from sources such as wind, solar, water, biomass, and natural gas – announced the crosstown relocation of its headquarters from aquifer-sensitive west Austin to an award-winning green office tower downtown, in anticipation of growth and expansion. By the time the move was complete, however, the energy provider had discontinued servicing about 480,000 customers in Ohio and Pennsylvania, laid off 15% of its workforce, and found itself facing suit in federal court. Green Mountain blames regulatory and market obstacles for its woes, but its critics cite an over-reliance on natural gas and a lack of investment in the very clean energy sources the company has made its trademark.
24 Nov 2005

http://www.windaction.org/posts?location=Texas&p=7&topic=Taxes+%26+Subsidies&type=Article
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