The long, sad saga of TXU may finally be heading toward a conclusion. The power producer NextEra Energy is buying the bankrupt company’s 80 percent stake in the power transmission group Oncor Electric Delivery, valued at $18.4 billion.
The $45 billion leveraged buyout of the TXU Corporation, now called Energy Future Holdings, ran into trouble soon after its 2007 completion. Most creditors will have to be satisfied with a slice of the former TXU’s other assets.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.