TXU

TXU Merger Approved by Shareholders

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 …

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TXU Energy Cuts Electric Prices

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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KKR and TPG Voluntarily File Commitments for TXU Electric Delivery With Public Utility Commission of Texas

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 …

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TXU Provides Update Regarding Status of ‘Go-Shop’ Process

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 …

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New 125-Megawatt Texas Wind Farm Providing Energy to TXU

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’s renewable energy capacity by 125 MW. The wind farm is expected to provide power for more than 24,000 homes …

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