Over concerns of increasing energy costs, Texas has joined a multi-state effort to curb the power of investment fund management company Vanguard over publicly traded utilities, Attorney General Ken Paxton announced on Jan. 3.
The Lone Star state is joining Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Ohio, South Carolina, and South Dakota, who, through their attorneys general, are part of a Utah and Indiana-led motion to intervene in a Federal Energy Regulatory Commission (FERC) proceeding to prevent Vanguard from exerting too much power over publicly traded utilities.
