The merger between TXU Corporation and Texas Energy Future Holdings Limited Partnership (TEF) has been approved by the TXU shareholders. TEF was recently formed by a group of investors. TEF was lead by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG) in order to facilitate the merger. Total, more than 340 million […]
TXU Merger Approved by Shareholders Read More »
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
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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
TXU Corp. (NYSE:TXU) , a Dallas-based energy company, has announced an update regarding the “go-shop” process being conducted by Lazard Freres & 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
TXU Provides Update Regarding Status of ‘Go-Shop’ Process Read More »
Beginning today, about 1.3 million TXU Energy customers in the TXU’s traditional service territory will receive a six percent price reduction. The price reduction will be reflected on your next monthly bill. According to a press release today by TXU, “Residential customers using an average of 1,500 kilowatt-hours of electricity a month will save an
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