26, 2007, "Full Text of TXU Press Release On Firm Being Taken Private" The Motley Fool, May 23, 2015, "Energy Future Holdings: How the Biggest Leveraged Buyout In History Became a Disaster" 19, "Ted Cruz escaped to Cancun during a crippling Texas storm in a pandemic, and travelers have so many questions"Įnergy Future Holdings, accessed Feb. 19, "Another winter storm slams Northeast, Mid-Atlantic 224K still without power in Texas Little Rock, Arkansas, ties 1918 snow record" Will it matter for his political future?"
19, "Ted Cruz's trip to Mexico earned him widespread criticism. 17, "'An electrical island': Texas has dodged federal regulation for years by having its own power grid" Goldman Sachs was one of three investors that acquired a Texas energy company in 2007, but the company went bankrupt seven years later. It is true that Cruz is a managing director at Goldman Sachs, but the company has no present ties to Texas utility companies. Ted Cruz, R-Texas, works for a company that oversees Texas' utilities is Partly False. The claim that Goldman Sachs executive Heidi Cruz, wife of Sen. USA TODAY reached out to Goldman Sachs for comment.Ībout 90% of the state's power is managed by the nonprofit Electric Reliability Council of Texas, or ERCOT, according to the Austin American-Statesman. The EFH website provides no further updates.Ī representative from Goldman Sachs told Newsweek that the investment bank does not have a controlling stake in any U.S.
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