A daily digest of Texas news, the latest from Texas Monthly, plus a monthly message from our editors. How did Texas energy deregulation come about? TXU Energy Direct Energy StarTex Power 4Change Energy TriEagle Energy Frontier Utilities Building Optimization Current customer? Call us. Michigan service and rates Report an outage or emergency News Room Income Eligible Jump up ^ The Unofficial Josiah Power Biography Follow us on Twitter Creating Cleaner Energy Electric Rates for Cities Near Houston Connect it all Energy sellers must provide collateral to ERCOT to cover expected future costs of buying wholesale electricity and if the companies don’t have enough capital, they get shut down. Breeze Energy, a Dallas-based electricity retailer that sold wind-energy plans to 9,800 customers including many in the Houston area, got caught in that financial squeeze when it defaulted on its collateral obligations. 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