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.

— New York Times.