CSA Z463 Electrical Maintenance -
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 6 hours Instructor-led
- Group Training Available
Texas Energy Future Holdings Limited Partnership, a holding company formed by Kohlberg Kravis Roberts & Co., Texas Pacific Group and other investors to acquire TXU Corp., agreed last month to buy TXU for about $32 billion.
At the time, the partnership said it would assume more than $12 billion in debt. Then last week, TXU disclosed that its purchasers have lined up $24.6 billion in debt financing to complete the deal.
Texas Energy Future Holdings said once the TXU transaction is completed, it will create three separate businesses focusing on generation, transmission and distribution. Investors say the competitive generation and retail businesses will be able to support the debt related to the transaction.
"There will be no new debt at TXU Electric Delivery to fund this transaction. There is no basis for rates at TXU Electric Delivery to increase as a result of the transaction. In fact, the Texas Public Utility Commission will continue to have complete authority over TXU Electric Delivery rates," Michael MacDougall, a partner at Texas Pacific Group, said recently.
David Bonderman of Texas Pacific met with Dallas Mayor Laura Miller and others who opposed TXU's initial plans to build 11 coal-fired power plants.
"We decided that we would all work together and continue the dialogue," Miller said after the meeting.
Related News
A New Electric Boat Club Launches in Seattle
Summerland solar power project will provide electricity
USA: 3 Ways Fossil Energy Ensures U.S. Energy Security
The City of Vancouver is hosting an ABB FIA Formula E World Championship race next year, organizers have announced
Energy Vault Lands $110M From SoftBank’s Vision Fund for Gravity Storage
Electricity restored to 75 percent of customers in Puerto Rico
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue