The prospective acquirers of TXU Corp. have pledged to cancel proposals to build eight of 11 controversial coal-fired power plants in Texas, in case if they gain control of the company. The move is especially designed to neutralize one of the biggest possible obstacles to the deal. The offer is contained in a 10-point program [...]
TXU, the leading energy provider in Texas, has reportedly tentatively agreed to a $45 billion buyout that would not only be the largest private-equity deal in history. The deal would also feature an interesting twist in the story; the buyers have promised environmental groups they would cancel a slew of coal-fired power plants on the [...]
Moving ahead with its promise to become more environmentally conscious, the new holding company formed to acquire Texas energy giant TXU has announced that it is planning to build two clean coal power plants that will capture carbon dioxide emissions. The TXU Corporation has said that, these plants would use advanced technology intended to capture [...]
Texas regulators could fine TXU Corp. $210 million for manipulating the state’s electricity market in the summer of 2005, under a staff proposal issued on Wednesday. The fine is subject to approval by the three commissioners of the Public Utility Commission of Texas. According to the PUC staff recommendation TXU Wholesale, the arm of Dallas-based [...]
