Top Dealmakers Honored for Corporate Social Responsibility Jun 18, 2008
the private equity firm, received a Caesar for its role in last year's $47 billion acquisition of TXU Corporation. That deal thwarted plans to build 11 new coal units, instead redirecting capital into cleaner technologies that also lowered retail energy prices. (Yahoo News -- Press Releases)
The National Law Journal Recognizes Susman Godfrey for Pro Bono Efforts to Combat Global Climate Change Jan 8, 2008
Late in 2006, TXU Corporation (now Energy Future Holdings) filed permit applications for the new coal-fired plants. At the same time, an executive order from the governor shortened the approval process from 18 months to just six. (PR Newswire)
Blockbuster Inc. Names Eric H. Peterson EVP, General Counsel & Secretary Oct 16, 2007
Most recently, Peterson was Executive Vice President and General Counsel for the former TXU Corporation, a $32 billion Fortune 200 Dallas-based energy company. He joined the energy services company in 2002 as its first ever general counsel, was responsible for the successful resolution of the company's complex legal affairs in conjunction with its then European operations and was an integral part of the executive management team responsible for the company's turnaround. (Yahoo! Wire -- Entertainment News)
TXU says CEO John Wilder to resign after purchase is completed Jul 25, 2007
DALLAS (AP) - Dallas-based electric utility TXU Corporation said today its chief executive will resign after its acquisition by a group of private equity firms is completed. TXU says John Wilder will stay with the company as chairman and chief executive if the deal isn't approved. (KSLA.com, LA)
Two Pakistanis charged for insider trading Jul 5, 2007
In May, prosecutors charged Naseem with giving tips to Rahim on a $32 billion buyout bid for the TXU Corporation, a power producer, and eight other takeovers in which the bank was an adviser. The case followed an investigation of insider trading in TXU options before Kohlberg Kravis Roberts and the Texas Pacific Group disclosed their leveraged buyout of TXU Feb 26. (India Times)
Bill That Would Allow Electric Rate Reductions Put On Hold Apr 5, 2007
But the legislation was derailed before lawmakers could vote on whether the state can review the proposed buyout of Dallas-based TXU Corporation. After debate, the bill by Representative Phil King of Weatherford was halted on a technical point. (KWTX.com, TX)
TXU Orders Two Reactors From Japanese Firm Mar 15, 2007
(March 14, 2007)--Texas power company TXU Corporation has picked a Japanese company's design for up to three nuclear reactors, two of which could be built at TXUs Comanche Peak plant in Central Texas. Mitsubishi Heavy Industries Limited announced the nonbinding deal Wednesday. (KWTX.com, TX)
With Coal Plans Cut Back, Texas Faces Energy Gap Mar 8, 2007
That hole just got bigger as the TXU Corporation, the state;s biggest utility, scrapped plans for eight new coal-fired plants under a deal it has agreed to with potential new owners. The deal has delighted many environmentalists, but it has also stoked one Texas-sized problem. (Shoals TimesDaily)
Big green buyout Feb 28, 2007
Controversial plans for eight new coal-fired power plants in Texas look likely to be scrapped as part of a proposed buyout of Dallas-based electricity generator TXU Corporation. The US$45-billion deal that has been announced between TXU and investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group goes along with a change in the company's stance on green issues. (Nature News Service)
A buyout deal that has many shades of green Feb 26, 2007
After receiving such a pledge, Reilly dropped a bombshell: the TXU Corporation, the Texas energy giant that had become the whipping boy of the nation's largest environmental groups, was in talks to be sold to a group led by Kohlberg Kravis Roberts & Company and Texas Pacific Group, two large private equity firms. Reilly, who works for Texas Pacific, said he wanted to negotiate a cease-fire. (International Herald Tribune)
For TXU, One of the Street’s Fabled Barbarians Is Back in the Hunt Feb 26, 2007
As always, the raw numbers loom large: $45 billion for the proposed buyout of the TXU Corporation, compared to $39 billion for the Blackstone Group;s recent deal with Equity Office Properties and $25 billion for his RJR Nabisco takeover in 1988. As this era;s generation of hedge fund executives and private equity moguls use their billions to buy art, assume leadership roles in New York;s cultural institutions and publicly celebrate their successes, they are working from a two-decade-old playbook... (Shoals TimesDaily)
At $45 Billion, New Contender for Top Buyout Feb 24, 2007
A group led by the private equity giants Kohlberg Kravis Roberts & Company and the Texas Pacific Group is near a deal to acquire the TXU Corporation, a Texas utility, for about $45 billion, according to people involved in the talks. The amount of private money that is being offered is a huge financial endorsement of the company;s energy strategy. (Shoals TimesDaily)
Cleaner Coal Is Attracting Some Doubts Feb 21, 2007
The TXU Corporation of Dallas is planning a fleet of huge new coal plants of the pulverized variety. In Austin, Tex. (Shoals TimesDaily)
Achieving Energy Independence Feb 1, 2007
Most of the nations electricity is produced in coal-fired plants and in mid-January a coalition of environmental groups was demanding that banks reject loan requests for projects that might produce greenhouse gas emissions; projects like the eleven new pulverized-coal power plants that a Texas utility, TXU Corporation, plans to build at the cost of about a billion dollars per plant. A pollution-free alternative for new electricity generation is, of course, nuclear fission. (Energy Pulse, CO)
Strangling the Energy Baby Jan 19, 2007
Most of the nation s electricity is produced in coal-fired plants and in mid-January a coalition of environmental groups was demanding that banks reject loan requests for projects that might produce greenhouse gas emissions; projects like the eleven new pulverized-coal power plants that a Texas utility, TXU Corporation, plans to build at the cost of about a billion dollars per plant. A pollution-free alternative for new electricity generation is, of course, nuclear fission. (Human Events Online)
