TXU Buyout: After Millions Spent on Lobbyists, a Bad Bet

TXU Buyout: After Millions Spent on Lobbyists, a Bad Bet

Consumer advocates had sounded the alarm about the massive debt used in the buyout of TXU in 2007. And now, five years later, that debt has become crushing. Says one analyst about the energy giant's chances: “The game may not be over just yet, but the prospects don’t look so good.”