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	<title>Portal of Dallas &#187; Dallas Companies</title>
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	<description>Timely News and Information about Dallas, Texas.</description>
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		<title>Mattress Firm to Acquire Mattress Pro</title>
		<link>http://www.portalofdallas.com/pages/mattress-firm-to-acquire-mattress-pro/</link>
		<comments>http://www.portalofdallas.com/pages/mattress-firm-to-acquire-mattress-pro/#comments</comments>
		<pubDate>Wed, 22 Aug 2007 18:47:20 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>

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		<description><![CDATA[Mattress Firm, one of the United State&#8217;s leading mattress retailers, has recently announced plans to acquire the 35-store Mattress Pro chain. Terms of the acquisition were not disclosed.
Upon completion of the acquisition, Mattress Firm will begin the process of transitioning Mattress Pro locations with new signage, its signature store format and expanded product selection. 
Mattress [...]]]></description>
			<content:encoded><![CDATA[<p>Mattress Firm, one of the United State&#8217;s leading mattress retailers, has recently announced plans to acquire the 35-store Mattress Pro chain. Terms of the acquisition were not disclosed.</p>
<p>Upon completion of the acquisition, Mattress Firm will begin the process of transitioning Mattress Pro locations with new signage, its signature store format and expanded product selection. </p>
<p>Mattress Pro operates stores in major cities in Texas and Nevada and its partners include several individuals with past ties to Mattress Firm, including Mattress Firm co-founder Harry Roberts and former franchise owner Philip Busker.</p>
<p>The acquisition of the 35-location chain increases Mattress Firm&#8217;s market dominance in several cities, bringing store counts to 19 in Las Vegas, 26 in San Antonio, 23 in Austin, 47 in Dallas and 52 stores in Mattress Firm&#8217;s hometown of Houston. The acquisition expands Mattress Firm&#8217;s total store count nationwide to more than 440 stores in 36 markets across 21 states.</p>
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		<title>American Airlines Federal Credit Union Unveils cent$ Magazine</title>
		<link>http://www.portalofdallas.com/pages/american-airlines-federal-credit-union-unveils-cent-magazine/</link>
		<comments>http://www.portalofdallas.com/pages/american-airlines-federal-credit-union-unveils-cent-magazine/#comments</comments>
		<pubDate>Thu, 10 May 2007 19:17:34 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[American Airlines Federal Credit Union]]></category>
		<category><![CDATA[Dallas Companies]]></category>

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		<description><![CDATA[American Airlines Federal Credit Union (AA Credit Union) has just unveiled cent$ &#8212; a new, quarterly, custom financial education and lifestyle magazine &#8212; at an invitation-only launch event attended by several AA Credit Union Board and Supervisory Committee members and management staff from AA Credit Union, American Airlines and AAP Custom, a division of American [...]]]></description>
			<content:encoded><![CDATA[<p>American Airlines Federal Credit Union (AA Credit Union) has just unveiled cent$ &#8212; a new, quarterly, custom financial education and lifestyle magazine &#8212; at an invitation-only launch event attended by several AA Credit Union Board and Supervisory Committee members and management staff from AA Credit Union, American Airlines and AAP Custom, a division of American Airlines Publishing. AA Credit Union has partnered with AAP Custom to publish the magazine.</p>
<p>With a circulation of 140,000, cent$ is intended to engage, educate, entertain and inform prospective and current credit union member-owners. This 52-page financial publication will be the first source for tips, trends and financial insights from local and national experts. Published quarterly, cent$ will be a complimentary publication of controlled distribution sent directly to credit union members, as well as offered in credit union locations nationwide. The magazine will feature writers from the national financial arena.   <span id="more-45"></span></p>
<p>American Airlines Federal Credit Union was founded in 1936, and today serves the present and retired employees of American Airlines, their family members and anyone that works in the Air Transportation Industry. AA Credit Union has more than 208,000 members nationwide and assets of more than $4.2 billion. As a not-for-profit financial cooperative, AA Credit Union is committed first and foremost to enriching their member-owners&#8217; financial well- being through their participation in the products and services of the Credit Union. For more information on AA Credit Union, please visit http://www.aacreditunion.org/ .</p>
<p>The official magazine of AA Credit Union is published by AAP Custom, a division of American Airlines Publishing. AAP Custom has done exclusive publishing work for companies such as Dell, Genesco, DIRECTV, Fort Worth Convention &#038; Visitors Bureau, Grapevine Convention &#038; Visitors Bureau, The Dwyer Group, AAdvantage and AA Vacations. American Airlines Publishing produces a variety of travel and retail marketing solutions including award- winning publications such as American Way, Celebrated Living, and American Airlines Nexos magazines. </p>
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		<title>Spherion Acquires Dallas-Based Resulte Universal Accounting and Finance Staffing Firm</title>
		<link>http://www.portalofdallas.com/pages/spherion-acquires-dallas-based-resulte-universal-accounting-and-finance-staffing-firm/</link>
		<comments>http://www.portalofdallas.com/pages/spherion-acquires-dallas-based-resulte-universal-accounting-and-finance-staffing-firm/#comments</comments>
		<pubDate>Mon, 30 Apr 2007 22:33:36 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>

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		<description><![CDATA[Spherion Corporation, a recruiting, staffing and workforce solutions provider, has acquired Resulte Universal, a specialty technology and accounting and finance staffing services firm based in Dallas, Texas. 
Resulte generated revenue of approximately $23 million for the twelve months ended March 31, 2007. Spherion will use cash on hand to fund the total investment of approximately [...]]]></description>
			<content:encoded><![CDATA[<p>Spherion Corporation, a recruiting, staffing and workforce solutions provider, has acquired Resulte Universal, a specialty technology and accounting and finance staffing services firm based in Dallas, Texas. </p>
<p>Resulte generated revenue of approximately $23 million for the twelve months ended March 31, 2007. Spherion will use cash on hand to fund the total investment of approximately $18.6 million. The transaction is expected to be modestly accretive to Spherion&#8217;s earnings in 2007.</p>
<p>&#8220;The acquisition of Resulte strengthens our presence in Texas, one of the nation&#8217;s fastest-growing markets for accounting, finance and technology recruiting and staffing services,&#8221; said Roy Krause, president and chief executive officer of Spherion.   <span id="more-42"></span></p>
<p>&#8220;This transaction supports our strategy to accelerate growth through selected acquisitions that complement our skill base and allow us to intensify our focus on geographic markets with high growth potential. With this acquisition, we will enhance our service offerings through Resulte&#8217;s expertise with higher-level technology application skills, expand our client base and reinforce our market position in two major metropolitan areas.&#8221;</p>
<p>Founded in 1997, Resulte Universal is a premier professional services and staffing solutions firm that specializes in technology, accounting and finance staff augmentation, project planning and consulting, and vendor management services. Resulte operates in Dallas and Houston, Texas and has been recognized as one of the fastest-growing companies in the nation, with recent listings on Deloitte and Touche&#8217;s Technology Fast 500 and Inc. Magazine 500 rankings of high-growth companies. It has also been listed on the Dallas 100 for the past four years in recognition of outstanding sales growth.</p>
<p>Spherion Corporation (NYSE:SFN) is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. As an industry pioneer for more than 60 years, Spherion(R) has screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs. Positions range from administrative and light industrial to a host of professions that include accounting/finance, information technology, engineering, manufacturing, legal, human resources and sales/marketing.</p>
<p>With approximately 650 offices in the United States and Canada, Spherion delivers innovative workforce solutions that improve business performance. Spherion provides its services to more than 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. Employing nearly 300,000 people annually through its network, Spherion is one of North America&#8217;s largest employers. To learn more, visit www.spherion.com.</p>
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		<title>Frito-Lay and The National Arbor Day Foundation to Help Plant Trees Nationwide</title>
		<link>http://www.portalofdallas.com/pages/frito-lay-and-the-national-arbor-day-foundation-to-help-plant-trees-nationwide/</link>
		<comments>http://www.portalofdallas.com/pages/frito-lay-and-the-national-arbor-day-foundation-to-help-plant-trees-nationwide/#comments</comments>
		<pubDate>Thu, 19 Apr 2007 20:43:00 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[Frito-Lay]]></category>

		<guid isPermaLink="false">http://www.portalofdallas.com/pages/frito-lay-and-the-national-arbor-day-foundation-to-help-plant-trees-nationwide/</guid>
		<description><![CDATA[Frito-Lay North America and The National Arbor Day Foundation have announced a national partnership, &#8220;Make America a Little Greener,&#8221; which will provide 300,000 tree seedlings for reforestation efforts in areas blighted by natural disasters and to beautify communities. 
The program kicks off Thursday, April 19, 2007 with Frito-Lay employees planting trees along the Katy Trail [...]]]></description>
			<content:encoded><![CDATA[<p>Frito-Lay North America and The National Arbor Day Foundation have announced a national partnership, &#8220;Make America a Little Greener,&#8221; which will provide 300,000 tree seedlings for reforestation efforts in areas blighted by natural disasters and to beautify communities. </p>
<p>The program kicks off Thursday, April 19, 2007 with Frito-Lay employees planting trees along the Katy Trail in Dallas, before the city&#8217;s Arbor Day Celebration. This is the second year Frito-Lay has partnered with The National Arbor Day Foundation for the &#8220;Make America a Little Greener&#8221; program.</p>
<p>The &#8220;Make America a Little Greener&#8221; program will help plant trees nationally through three major efforts:  <span id="more-40"></span></p>
<p>   *  Community: Frito-Lay and The National Arbor Day Foundation will donate 50,000 trees to community organizations for their members to plant as part of service events across the country. Beginning on National Arbor Day, Friday, April 27, community organizations can apply for the free trees at www.arborday.org/fritolay .</p>
<p>   *  In-Store: Frito-Lay and The National Arbor Day Foundation will give away 50,000 tree seedlings to families nationwide through in-store promotional events.</p>
<p>   *  Reforestation: Frito-Lay and The National Arbor Day Foundation will plant 200,000 trees throughout the year to reforest areas recently devastated by natural disasters.</p>
<p>Frito-Lay North America is the $10 billion convenient foods division of PepsiCo, which is headquartered in Purchase, NY. In addition to Frito-Lay, PepsiCo divisions include Pepsi-Cola, Quaker Foods, Gatorade and Tropicana.</p>
<p>The National Arbor Day Foundation is a nonprofit, environmental and education organization of nearly 1 million members, with a mission to inspire people to plant, nurture, and celebrate trees. More information on the Foundation and its programs can be found at www.arborday.org . </p>
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		<title>TXU Energy Cuts Electric Prices</title>
		<link>http://www.portalofdallas.com/pages/txu-energy-cuts-electric-prices/</link>
		<comments>http://www.portalofdallas.com/pages/txu-energy-cuts-electric-prices/#comments</comments>
		<pubDate>Thu, 19 Apr 2007 20:39:02 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[TXU]]></category>
		<category><![CDATA[TXU Energy]]></category>

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		<description><![CDATA[TXU Energy, the competitive retail electric subsidiary of TXU Corp. (NYSE:TXU) , has recently announced a significant price cut for its TXU Energy Market Tracker+(SM) pricing plan.
TXU Energy Market Tracker+ is an innovative pricing plan that automatically lowers electricity prices if natural gas costs trend lower. Prices are being cut to respond to competitive conditions, [...]]]></description>
			<content:encoded><![CDATA[<p>TXU Energy, the competitive retail electric subsidiary of TXU Corp. (NYSE:TXU) , has recently announced a significant price cut for its TXU Energy Market Tracker+(SM) pricing plan.</p>
<p>TXU Energy Market Tracker+ is an innovative pricing plan that automatically lowers electricity prices if natural gas costs trend lower. Prices are being cut to respond to competitive conditions, and will be among the lowest-priced offers in the North Texas market. This is in comparison to plans that fully disclose pricing details, on an annualized basis assuming current natural gas prices.</p>
<p>In comparison to the former price-to-beat rate in effect on December 31, 2006, this new price is projected to save a typical TXU Energy Market Tracker+ customer who uses an average of 1500 kWh monthly 21 to 23 percent in off-peak months, which includes April and May, and 14 percent on an annualized basis at current natural gas levels. <span id="more-38"></span></p>
<p>With the introduction of this plan in early 2006, TXU Energy became the first company to offer an index-based energy plan that tracked natural gas prices according to a formula detailed in the Electricity Fact Label (EFL). Because of this formula, TXU Energy&#8217;s distinctive plan provides the benefit of transparency into how and when the price changes, unlike many competitor plans that allow price changes monthly at the provider&#8217;s sole discretion, without advanced notice, based on unspecified wholesale market conditions.</p>
<p>To protect customers against increased natural gas costs, the total price per kWh for TXU Energy Market Tracker+ is capped. This not only provides unique protection against natural gas costs that rise above the designated cap, but also provides the customer the ability to enjoy even greater savings if natural gas prices trend lower. While the previous TXU Energy Market Tracker+ plan was already lower than the former price-to-beat rate, the new price cut results in an additional 9 percent decrease on an annualized basis. A residential customer using an average of 1500 kWh monthly will pay an average annual price of 12.6 cents per kWh instead of the 13.9 cents that customer would have paid under the previous price of this plan at current gas levels.</p>
<p>The TXU Energy Market Tracker+ plan is available to all customers in the service area of TXU Electric Delivery (which has announced it will be changing its name to Oncor Electric Delivery later this month). Current TXU Energy Market Tracker+ customers are automatically receiving the new lower prices effective today.</p>
<p>TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses primarily in Texas. In the competitive TXU Energy Holdings segment (electricity generation, wholesale marketing and retailing), TXU Energy provides electricity and related services to more than 2.1 million competitive electricity customers in Texas. TXU Power has over 18,100 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity. </p>
<p>TXU Wholesale optimizes the purchases and sales of energy for TXU Energy and TXU Power and provides related services to other market participants. TXU Wholesale is the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. Visit http://www.txucorp.com/ for more information about TXU Corp. Visit http://www.txu.com/ for more information about TXU Energy. </p>
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		<title>KKR and TPG Voluntarily File Commitments for TXU Electric Delivery With Public Utility Commission of Texas</title>
		<link>http://www.portalofdallas.com/pages/kkr-and-tpg-voluntarily-file-commitments-for-txu-electric-delivery-with-public-utility-commission-of-texas/</link>
		<comments>http://www.portalofdallas.com/pages/kkr-and-tpg-voluntarily-file-commitments-for-txu-electric-delivery-with-public-utility-commission-of-texas/#comments</comments>
		<pubDate>Mon, 02 Apr 2007 19:47:24 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[TXU]]></category>
		<category><![CDATA[TXU Energy]]></category>
		<category><![CDATA[Texas Energy Future Holdings]]></category>

		<guid isPermaLink="false">http://www.portalofdallas.com/pages/kkr-and-tpg-voluntarily-file-commitments-for-txu-electric-delivery-with-public-utility-commission-of-texas/</guid>
		<description><![CDATA[Texas Energy Future Holdings, Limited Partnership (TEF) today made an initial filing with the Public Utility Commission of Texas (PUC) setting forth its commitments regarding TXU Electric Delivery (to be renamed Oncor). These commitments will be binding upon successful completion of the acquisition of TXU Corp. TEF is the holding company formed by Kohlberg Kravis [...]]]></description>
			<content:encoded><![CDATA[<p>Texas Energy Future Holdings, Limited Partnership (TEF) today made an initial filing with the Public Utility Commission of Texas (PUC) setting forth its commitments regarding TXU Electric Delivery (to be renamed Oncor). These commitments will be binding upon successful completion of the acquisition of TXU Corp. TEF is the holding company formed by Kohlberg Kravis Roberts &#038; Co. (KKR), Texas Pacific Group (TPG) and other investors to acquire TXU Corp.</p>
<p>This voluntarily expedited initial filing means the PUC will have direct authority to hold the investors legally accountable to their commitments once the transaction closes.</p>
<p>TEF made its filing today with the PUC in anticipation of its voluntarily expedited 14.101 filing, which allows the PUC to review the buyout transaction. That filing will be made no later than April 25, 2007.</p>
<p>TEF is legally committing to hold a majority of its ownership stake, in the current regulatory system, for a minimum of five years, and committing that TXU Electric Delivery will not incur, guaranty or pledge assets in respect of any borrowing related to financing the merger transaction. TEF is also committing to establish a separate board for each of TXU&#8217;s three operating companies and to make substantial investments in new energy efficiency programs. More details on those commitments are listed below.</p>
<p>The PUC filing includes the following commitments by TEF: <span id="more-28"></span></p>
<p>-   On or before closing of the transaction, the name of TXU Electric Delivery will be changed to Oncor Electric Delivery Company. Oncor&#8217;s logo will be separate and distinct from the logos of the parent, TXU Corp.; the retail electric provider, TXU Energy; and the power generation company, Luminant Energy.</p>
<p>-  At closing and thereafter, Oncor will have a separate board of directors that will not include any members from the boards of directors of TXU Energy or Luminant.</p>
<p>-  Within a reasonable transition period after closing of the merger transaction, not to exceed six months, Oncor&#8217;s headquarters will be located in a separate building from the headquarters and operations of TXU Energy and Luminant.</p>
<p>-  Oncor will not incur, guaranty or pledge assets in respect of any borrowing related to financing the merger transaction. Oncor&#8217;s financial integrity will be protected from the separate operations of TXU Energy and Luminant.</p>
<p>-  TEF will limit Oncor&#8217;s debt so that its debt-to-equity ratio is at or below the assumed debt-to-equity ratio established from time to time by the Commission for ratemaking purposes, which is currently set at 60:40. For ratemaking purposes, in its next rate case Oncor will support a cost of debt that does not exceed Oncor&#8217;s actual cost of debt immediately prior to the announcement of the proposed merger transaction.</p>
<p>-  Following the closing of the proposed transaction, TEF intends for Oncor to continue to make capital expenditures at or above current levels. Total capital spending will depend in part on economic growth, permitting and siting. However, TEF commits that over the five years following the year in which closing of the proposed transaction occurs, Oncor will make capital expenditures in connection with its transmission and distribution business in an aggregate amount of more than $3.0 billion.</p>
<p>-  Over the five years following the year in which closing occurs, subsidiaries of TXU Corp. will expend an aggregate of at least $200 million on demand-side management/energy efficiency programs over the amount included by the Commission in Oncor&#8217;s rates. This commitment will approximately double Electric Delivery&#8217;s current level of spending on DSM.  Oncor will not seek to recover in rates any of the $200 million in incremental DSM expenditures.</p>
<p>-  Oncor will support the inclusion of negotiated commitments with appropriate stakeholders regarding reliability, customer service and employee safety in any Final Order regarding the merger transaction issued pursuant to PURA Section 14.101.</p>
<p>-  Oncor will file a general rate case at the Commission before July 1, 2008, consistent with the utility&#8217;s currently effective settlement agreement with certain municipalities.</p>
<p>-  TEF will hold a majority of its ownership interest in Oncor, in the current regulatory system, for a period of more than five years after the closing date of its proposed merger transaction.</p>
<p>A copy of the PUC filing is available at http://www.texasenergyfuture.com/</p>
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		<title>TXU Provides Update Regarding Status of &#8216;Go-Shop&#8217; Process</title>
		<link>http://www.portalofdallas.com/pages/txu-provides-update-regarding-status-of-go-shop-process/</link>
		<comments>http://www.portalofdallas.com/pages/txu-provides-update-regarding-status-of-go-shop-process/#comments</comments>
		<pubDate>Mon, 02 Apr 2007 13:05:54 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[Kohlberg Kravis Roberts]]></category>
		<category><![CDATA[TXU]]></category>
		<category><![CDATA[TXU Energy]]></category>

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		<description><![CDATA[TXU Corp. (NYSE:TXU) , a Dallas-based energy company, has announced an update regarding the &#8220;go-shop&#8221; process being conducted by Lazard Freres &#038; Co LLC (Lazard), the independent financial advisor to the TXU Corp. Board of Directors and its Strategic Transactions Committee. Under the terms of the definitive merger agreement announced February 26, 2007, an investor [...]]]></description>
			<content:encoded><![CDATA[<p>TXU Corp. (NYSE:TXU) , a Dallas-based energy company, has announced an update regarding the &#8220;go-shop&#8221; process being conducted by Lazard Freres &#038; Co LLC (Lazard), the independent financial advisor to the TXU Corp. Board of Directors and its Strategic Transactions Committee. Under the terms of the definitive merger agreement announced February 26, 2007, an investor group led by Kohlberg Kravis Roberts &#038; Co. and Texas Pacific Group will acquire TXU in a transaction valued at $45 billion. </p>
<p>Under the terms of the merger agreement, shareholders will be paid $69.25 per share at closing. The transaction is subject to receipt of shareholder approval and required regulatory approvals, as well as satisfaction of other customary closing conditions. There is no financing condition to the transaction.</p>
<p>Under the merger agreement, TXU has the right to solicit other proposals through April 16, 2007. The TXU Board, acting through the Strategic Transactions Committee of the Board, with the assistance of Lazard, has solicited interest from over 70 potential purchasers, including US utility companies, non-US utility companies, other energy companies and financial sponsors and infrastructure investors. TXU has entered into confidentiality agreements with nine of these entities and provided them confidential information regarding TXU and its subsidiaries. <span id="more-27"></span></p>
<p>Despite these efforts, through April 1, 2007, none of the parties contacted has submitted a formal proposal, and there is no indication that any of the parties is preparing a proposal that will be superior from either a price or transaction certainty perspective.</p>
<p>While TXU remains open to receiving competing proposals and will continue to work with its financial advisor through the go shop period to determine if there are possible competing proposals that could be superior to the existing proposal, Lazard has advised the Strategic Transactions Committee that it does not believe any superior proposal will be submitted as a result of its go shop efforts.</p>
<p>About TXU<br />
TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses primarily in Texas. In the competitive TXU Energy Holdings segment (electricity generation, wholesale marketing and retailing), TXU Energy provides electricity and related services to more than 2.1 million competitive electricity customers in Texas. TXU Power has over 18,100 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fired generation capacity. TXU Wholesale optimizes the purchases and sales of energy for TXU Energy and TXU Power and provides related services to other market participants. TXU Wholesale is the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. TXU Corp.&#8217;s regulated segment, TXU Electric Delivery, is an electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. TXU Electric Delivery operates the largest distribution and transmission system in Texas, providing power to three million electric delivery points over more than 100,000 miles of distribution and 14,300 miles of transmission lines. Visit www.txucorp.com for more information about TXU Corp.</p>
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		<title>New 125-Megawatt Texas Wind Farm Providing Energy to TXU</title>
		<link>http://www.portalofdallas.com/pages/new-125-megawatt-texas-wind-farm-providing-energy-to-txu/</link>
		<comments>http://www.portalofdallas.com/pages/new-125-megawatt-texas-wind-farm-providing-energy-to-txu/#comments</comments>
		<pubDate>Fri, 30 Mar 2007 21:59:17 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[TXU]]></category>
		<category><![CDATA[Texas Wind Farm]]></category>

		<guid isPermaLink="false">http://www.portalofdallas.com/pages/new-125-megawatt-texas-wind-farm-providing-energy-to-txu/</guid>
		<description><![CDATA[TXU Wholesale, a subsidiary of TXU Corp. (NYSE:TXU) , and Airtricity, a world-leading renewable energy company based in Dublin, Ireland, today announced that Airtricity has completed construction of the Forest Creek Wind Farm, increasing TXU Wholesale&#8217;s renewable energy capacity by 125 MW.
The wind farm is expected to provide power for more than 24,000 homes &#8212; [...]]]></description>
			<content:encoded><![CDATA[<p>TXU Wholesale, a subsidiary of TXU Corp. (NYSE:TXU) , and Airtricity, a world-leading renewable energy company based in Dublin, Ireland, today announced that Airtricity has completed construction of the Forest Creek Wind Farm, increasing TXU Wholesale&#8217;s renewable energy capacity by 125 MW.</p>
<p>The wind farm is expected to provide power for more than 24,000 homes &#8212; enough to meet the annual energy needs of about 56,000 Texans. It is located approximately 25 miles southeast of Big Spring, Texas.</p>
<p>TXU Wholesale and its affiliates currently have contracts for 705 MW of renewable energy from 756 wind turbines.</p>
<p>The wind farm generates electricity from 54 2.3-MW Siemens wind turbines. Airtricity owns and operates the facility. <span id="more-26"></span></p>
<p>TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses primarily in Texas. In the competitive TXU Energy Holdings segment (electricity generation, wholesale marketing and retailing), TXU Energy provides electricity and related services to more than 2.1 million competitive electricity customers in Texas. TXU Power has over 18,100 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity. TXU Wholesale optimizes the purchases and sales of energy for TXU Energy and TXU Power and provides related services to other market participants. TXU Wholesale is the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. Visit http://www.txucorp.com/ for more information about TXU Corp.</p>
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		<title>NBC 5 Honored With Edward R. Murrow Award for Overall Excellence</title>
		<link>http://www.portalofdallas.com/pages/nbc-5-honored-with-edward-r-murrow-award-for-overall-excellence/</link>
		<comments>http://www.portalofdallas.com/pages/nbc-5-honored-with-edward-r-murrow-award-for-overall-excellence/#comments</comments>
		<pubDate>Fri, 30 Mar 2007 16:28:49 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[Dallas Television]]></category>
		<category><![CDATA[NBC 5]]></category>

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		<description><![CDATA[NBC 5/KXAS, the local NBC affiliate in Dallas, has been honored with the prestigious Edward R. Murrow Award for Overall Excellence presented by the national Radio-Television News Directors Association. The recognition reflects NBC&#8217;s success in bringing North Texas viewers the news and information they find useful.
The award is in the large-market television category for the [...]]]></description>
			<content:encoded><![CDATA[<p>NBC 5/KXAS, the local NBC affiliate in Dallas, has been honored with the prestigious Edward R. Murrow Award for Overall Excellence presented by the national Radio-Television News Directors Association. The recognition reflects NBC&#8217;s success in bringing North Texas viewers the news and information they find useful.</p>
<p>The award is in the large-market television category for the Texas- Oklahoma region; NBC 5 will now compete for national honors. NBC 5 continues to provide compelling content on TV and the internet to area residents.</p>
<p>In recent features like &#8220;Leave Me Alone,&#8221; NBC 5 explained how viewers could take action to avoid annoying telemarketers, alleviate spam, and stop receiving unsolicited promotional flyers. &#8220;Who Messed with Texas?&#8221; examined the state of the environment on the 20th anniversary of the state&#8217;s &#8220;Don&#8217;t Mess With Texas&#8221; anti-litter campaign.&#8221; <span id="more-25"></span></p>
<p>During &#8220;Decision 2006,&#8221; the station dedicated a portion of daily news coverage to national, state and local political races from Labor Day through Election Day. On election night, NBC 5 produced a three-hour, commercial-free webcast offering the latest poll results and political commentary, including live reports from all four Texas gubernatorial campaigns.</p>
<p>Accurate weather reporting is vital to area viewers. NBC 5 meteorologists constantly monitor the skies of North Texas with cutting edge technology ready to report any danger. Trained NBC 5 storm chasers were the first to confirm a deadly tornado on May 9, 2006 in Anna, Texas.</p>
<p>Technology is not limited to weather forecasting at NBC 5. Using advanced, wireless technology, NBC 5 reporters collect, report and deliver stories to viewers and internet users without ever having to physically visit the station&#8217;s studio facility. Reporters are field-based &#8212; uncovering and discussing stories from new scenes wherever they may be.</p>
<p>The Radio-Television News Directors Association (RTDNA) is the world&#8217;s largest professional organization devoted exclusively to electronic journalism. RTDNA represents local and network news professionals in broadcasting, cable and other electronic media in more than 30 countries.</p>
<p>NBC 5 / KXAS-TV / nbc5i.com and Telemundo 39 / KXTX-TV are the NBC owned and operated media centers serving the Dallas/Fort Worth Metroplex. </p>
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		<title>U.S. Steel to Acquire Lone Star Technologies</title>
		<link>http://www.portalofdallas.com/pages/us-steel-to-acquire-lone-star-technologies/</link>
		<comments>http://www.portalofdallas.com/pages/us-steel-to-acquire-lone-star-technologies/#comments</comments>
		<pubDate>Thu, 29 Mar 2007 20:24:53 +0000</pubDate>
		<dc:creator>Dallas Editor</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Dallas Companies]]></category>
		<category><![CDATA[Lone Star Technologies]]></category>

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		<description><![CDATA[United States Steel Corporation (NYSE:X) and Lone Star Technologies, Inc. (NYSE:LSS) have entered into a definitive agreement under which U. S. Steel will acquire Lone Star, a leading manufacturer of welded oilfield tubular goods, for $67.50 per share in cash. The agreement was unanimously approved by the boards of directors of both U. S. Steel [...]]]></description>
			<content:encoded><![CDATA[<p>United States Steel Corporation (NYSE:X) and Lone Star Technologies, Inc. (NYSE:LSS) have entered into a definitive agreement under which U. S. Steel will acquire Lone Star, a leading manufacturer of welded oilfield tubular goods, for $67.50 per share in cash. The agreement was unanimously approved by the boards of directors of both U. S. Steel and Lone Star.</p>
<p>U. S. Steel expects that the acquisition of Lone Star will strengthen its position as a premier producer of tubular products for the energy sector and will create North America&#8217;s largest tubular producer. The transaction will broaden U. S. Steel&#8217;s energy product offerings by joining U. S. Steel&#8217;s predominantly seamless tubular business with Lone Star&#8217;s complementary welded tubular business, coupling manufacturing and tubular processing services. Following the transaction, U. S. Steel will have annual North American tubular manufacturing capability of approximately 2.8 million tons.</p>
<p>U. S. Steel expects that the transaction will be accretive to its 2007 earnings per share before considering expected synergies and excluding the accounting effects of the sale of acquired inventory and other customary purchase accounting adjustments. U. S. Steel projects that the combination with Lone Star&#8217;s operations will generate annual pre-tax operating synergies in excess of $100 million by the end of 2008. <span id="more-24"></span></p>
<p>Under the terms of the definitive agreement, U. S. Steel will acquire all of the outstanding shares of Lone Star for $67.50 per share in cash &#8211; an aggregate value of approximately $2.1 billion. The price per share represents a premium of approximately 39 percent to Lone Star&#8217;s closing share price of $48.45 on March 28, 2007, and a premium of approximately 43 percent to its 90- day average trading price.</p>
<p>U. S. Steel will pay for the acquisition through a combination of cash on hand and financing obtained under its existing receivables purchase program and three new fully committed bank credit facilities provided by JPMorgan.</p>
<p>The transaction is subject to the approval of Lone Star&#8217;s shareholders and other customary closing conditions, including regulatory approvals, and is expected to close in the second or third quarter of 2007.</p>
<p>J.P. Morgan Securities Inc. and Morgan, Lewis &#038; Bockius LLP acted as financial and legal advisers, respectively, to U. S. Steel. Goldman, Sachs &#038; Co. and Weil, Gotshal &#038; Manges LLP acted as financial and legal advisers, respectively, to Lone Star.</p>
<p>About United States Steel Corporation<br />
United States Steel Corporation is an integrated steel producer with major production operations in the United States and Central Europe. An integrated steelmaker uses iron ore and coke as primary raw materials for steel production, and U. S. Steel has annual raw steel production capability of 19.4 million tons in the United States and 7.4 million tons in Central Europe. The company manufactures a wide range of value-added steel products for the automotive, appliance, container, industrial machinery, construction and oil and gas industries. U. S. Steel&#8217;s integrated steel facilities include Gary Works in Gary, Ind.; Great Lakes Works in Ecorse and River Rouge, Mich.; Mon Valley Works, which includes the Edgar Thomson Plant and the Irvin Plant near Pittsburgh, Pa., and the Fairless Plant near Philadelphia, Pa.; Granite City Works in Granite City, Ill.; Fairfield Works in Fairfield, Ala.; U. S. Steel Kosice in the Slovak Republic; and U. S. Steel Serbia. U. S. Steel also operates finishing facilities at the Midwest Plant in Portage, Ind., East Chicago Tin in Indiana, and Lorain Tubular Operations in Lorain, Ohio, and is involved in several steel finishing joint ventures. U. S. Steel produces coke at Clairton Works near Pittsburgh and at Gary Works and Granite City Works. The company operates two iron ore mines through its Minnesota Ore Operations on the Mesabi Iron Range in northern Minnesota, one in Mt. Iron and one in Keewatin. In addition, U. S. Steel is involved in transportation services (railroad and barge operations) and real estate operations.</p>
<p>About Lone Star Technologies, Inc.<br />
Lone Star Technologies, Inc. is a $1.4 billion holding company whose principal operating subsidiaries manufacture and market oilfield casing, tubing and line pipe, specialty tubing products, including finned tubes used in a variety of heat recovery applications, and flat rolled steel and other tubular products and services.</p>
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