The collapse of the Energy Futures Holding Corporation in 2014, a less well-known industry bomb than Enron, continues this trend. The eighth-largest bankruptcy in U.S. history, with $40.9 billion in assets, Energy Futures was only two-thirds the size of Enron, but all of its holdings were in a single state—Texas. Energy Futures Holding was the parent company of North Texas’s retail electric service provider TXU Energy, which has more customers than any other electricity retailer in that state. Energy Futures also owned the state’s largest power company, Luminant Generation Co., with twenty
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