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Is TXEP financially stable? What happens if TXEP or its REP is out of business?

April 26, 2017Business financially happens rep STABLE txep

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Is TXEP financially stable? What happens if TXEP or its REP is out of business?

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Yes, TXEP and its Rep are financially stable. Even if we were out of business, the Provider of Last Resort (POLR) serves as a back-up electric service provider in the event a retail REP leaves the market for any reason. POLR service is a safety net for customers whose chosen REP is unable to continue service.