Take the iShares Dow Jones US Utilities, an exchange-traded fund that owns major utility stocks.

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If the employer uses the trust fund monies to pay vendors, rent or utility bills to keep the lights on, someone has to pay.

FORBES: With Taxes "Responsible" Means Holding The Bag

Nigel Hart of hedge fund Reach Capital Management bought shares of French power utility Alstom following its announcement that it would acquire Spanish wind company Ecotecnia.

FORBES: High Energy Stocks

Gazprom has been rumored for more than a year to have wanted to buy Centrica, Britain's biggest utility, and the financing would likely come from the Stabilization Fund.

FORBES: Magazine Article

Gazprom has been rumored for more than a year to have wanted to buy Centrica (other-otc: CPYYY - news - people ), Britain's biggest utility, and the financing would likely come from the Stabilization Fund.

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If hedge-fund managers are playing a zero-sum game, what is their social utility?

NEWYORKER: Mastering the Machine

Members of the Pecan Street consortia include the University of Texas, utility Austin Energy, Austin Technology Incubator, the Greater Austin Chamber of Commerce and the Environmental Defense Fund.

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Utility planners expect the company to do what it has always done, and ask regulators and customers to fund doing what they always did.

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