DALLAS — Private-equity investors who bought Dallas-based electric utility TXU Corp. five years ago now see the company worth less than the $45 billion they paid and mired in debt.

Nevertheless, the company, now called Energy Future Holdings, is making multimillion-dollar retention bonus payments to executives and cash payments to private-equity holders, The Dallas Morning News reported.

Warren Buffett recently apologized to Berkshire Hathaway shareholders for spending about $2 billion on Energy Future bonds, which are now worth about $878 million, and conceded even that could be wiped out.

Continue to the Fort Worth Star Telegram for the full article.