|TXU and Current Team up on Internet Over Power Lines|
|Reuters News Wire (firstname.lastname@example.org)|
Mon, 19 Dec 2005 21:25:28 -0600
TXU Corp., Texas's largest utility, said on Monday it was teaming up|
with Current Communications Group to offer high-speed Internet access
over power lines to about 2 million homes and businesses in the state.
The companies also said they plan to use Current's broadband over
TXU agreed to pay Current about $150 million over 10 years to use the
Privately-held BPL provider Current, whose investors include Google
TXU will also become an equity holder in Current as part of the
The companies plan to start deploying the broadband network in 2006.
Broadband service over power lines has been highly touted by equipment
But until recently U.S. utilities interested in the service have faced
Some analysts have also said that most utilities don't have the skills
Nevertheless several top U.S. power companies, including Cinergy and
TXU said that it hopes to increase network reliability and power
TXU's electric transmission unit, TXU Electric Delivery, provides
Copyright 2005 Reuters Limited.
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