Dallas-based utility Oncor has collected half a billion dollars from ratepayers to cover federal income taxes it has never paid. Last year alone, customers paid $230 million to reimburse the utility for a "phantom" tax bill, according to a new report from the Texas Coalition for Affordable Power.
T ... More >>
Aurelius Capital Management, a multibillion-dollar hedge fund and perpetual pain-in-the-ass for distressed companies like Dallas-based Energy Future Holdings, sued the massive utility in federal court Tuesday for $725 million. It claims Energy Future made some sweetheart intra-company loans even as ... More >>
If you've ever wondered who controls any given parking lot downtown, the answer is probably either Central Parking Corporation or Standard Parking Corporation. Central owns more than a dozen locations there, according to its website. Standard owns several more, though its website doesn't say exactly ... More >>
A major credit-rating agency is expressing grave doubts about the ability of the state's largest nonregulated power generator to pay off its debt.
Energy Future Holdings, the Dallas-based parent company of power generator Luminant, transmission company Oncor and retail electricity provider TXU Ener ... More >>
Yesterday, Zagat released their 2012 Texas restaurants guide. Here are their top five most popular restaurants.
Del Frisco's Steak
Look familiar? These restaurants have been dominating Zagat's list for years. The survey, a system employed by the authors ... More >>
Warren Buffett, the inimitable Jesus of Investing, got it wrong, he admits. Investing in the highly leveraged buyout of Texas utility TXU by Kohlberg Kravis Roberts and Goldman Sachs was a bad bet, plain and simple, he told his shareholders in a letter Saturday. And if things at the former TXU (now ... More >>
Back in January '10, Dallas-based MumboJumbo -- distributors of Jewel Quest and Bejeweled 2 and a whole bunch of other familiar time-wasters -- was awarded upwards of $4.6 million in actual damages by a Dallas County jury. Long story short: In 2006, MumboJumbo entered into an agreement with Seatt ... More >>
Lynn Moak briefs Dallas ISD trustees Thursday afternoon.Last night, Robert teased us all with the news that Lynn Moak, from Dallas ISD's lobbyist-consultant group Moak Casey & Associates, would be taking a seat before trustees this afternoon with an update from Austin on the Legislature's att ... More >>
When last I looked at the Dallas Independent School District board's meeting agenda for Thursday, there was no item offering to pay some 1,000 teachers up to $10,000 to take early retirement under the so-called "new reality." But, sure enough, it's there now, as Tawnell Hobbs noted this morning: ... More >>
Blockbuster, which went into voluntary Chapter 11 in September, said in a statement released moments ago that it has agreed to sell to a group of noteholders -- one of whom happened to be named Monarch Alternative Capital, the very same creditors to whom Tom Hicks owed all those hundreds of milli ... More >>
Chow.comThe poor martini. People just won't leave perfection alone.I took my martinis with olives until I read The Hour, Bernard DeVoto's classic homage to his favorite drink. According to DeVoto, misguided drinkers put olives in their martinis because "in some desolate childhood hour, someon ... More >>
On Friday we broke the news that 62-year-old MAPSCO was being bought out by Pennsylvania-based Universal Map, though higher-ups at both companies refused to offer comment. Today, we get The Official Comment: Universal Map's done snatched up the entirety of the Dallas institution's assets for an u ... More >>