Energy Future Holdings Corp. (“EFH Corp.”), its direct, wholly owned subsidiary, Energy Future Intermediate Holding Company LLC (“EFIH”), and EFIH's direct, wholly owned subsidiary, EFIH Finance Inc. (“EFIH Finance,” and, together with EFIH, the “EFIH Offerors,” and, together with EFH Corp., the “Offerors”), announced today the results of (i)their previously announced exchange offers (the “Exchange Offers”) to exchange outstanding debt securities listed in the table below (collectively, the “Old Notes”) for New Senior Secured Notes (as defined below) and (ii) EFH Corp.'s previously announced solicitations of consents (the “Consent Solicitations”) from holders of certain of its outstanding debt securities to certain proposed amendments to the indentures underlying such debt securities. Each of the Exchange Offers and the Consent Solicitations expired at midnight, New York City time, on November 10, 2009 (the “Expiration Date”).
Energy Future Holdings Corp. (EFH) today reported consolidated financial results for the third quarter and year-to-date periods ended September 30, 2009 in the company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC).
Energy Future Holdings Corp. (EFH) will host a conference call Webcast to discuss its second quarter financial and operating results, Friday, October 30, 2009, at 10:00 a.m. Central (11:00 a.m. Eastern).
Energy Future Holdings Corp. (“EFH Corp.”), its direct, wholly owned subsidiary, Energy Future Intermediate Holding Company LLC (“EFIH”), and EFIH’s direct, wholly owned subsidiary, EFIH Finance Inc. (“EFIH Finance” and, together with EFIH, the “EFIH Offerors”), announced today that they are amending certain of the terms of (i) their previously announced exchange offers...
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its third quarter financial and operating results on Friday, October 30, 2009. EFH plans to release its third quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on October 30, 2009.
Energy Future Holdings Corp. (“EFH Corp.”), its direct, wholly owned subsidiary, Energy Future Intermediate Holding Company LLC (“EFIH”), and EFIH's direct, wholly owned subsidiary, EFIH Finance Inc. (“EFIH Finance” and, together with EFIH, the “EFIH Offerors”), announced today extensions of (i) the early tender date for their previously announced exchange offers (the “Exchange Offers”) to exchange certain outstanding debt securities...
Energy Future Holdings Corp. (“EFH Corp.”) announced today that it and its direct, wholly owned subsidiary, Energy Future Intermediate Holding Company LLC (“EFIH”), and EFIH's direct, wholly owned subsidiary, EFIH Finance Inc. (“EFIH Finance” and, together with EFH Corp. and EFIH, the “Offerors”), are commencing exchange offers (the “Exchange Offers”) to exchange outstanding debt securities listed in the table below (collectively, the “Old Notes”) for up to $4.0 billion of new senior secured notes to be issued by EFH Corp. and/or EFIH and EFIH Finance (EFIH and EFIH Finance together, the “EFIH Offerors”), upon the terms and subject to the conditions set forth in the prospectus relating to the Exchange Offers (the “Prospectus”) and the related Consent and Letter of Transmittal. The purpose of the Exchange Offers is to reduce the outstanding principal amount and extend the weighted average maturity of the long-term debt of EFH Corp. and its subsidiaries.
Energy Future Holdings Corp. (EFH) today reported consolidated financial results for the second quarter and year-to-date periods ended June 30, 2009 in the company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC).
Energy Future Holdings Corp. (EFH) will host a conference call Webcast to discuss its second quarter financial and operating results today, Tuesday, August 4, 2009, at 10 a.m. CT.
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its second quarter financial and operating results on Tuesday, August 4, 2009. EFH plans to release its second quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on August 4, 2009.
Energy Future Holdings Corp. (EFH) today reported consolidated financial results for the first quarter ended March 31, 2009 in the company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC).
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its first quarter financial and operating results on Friday, May 1, 2009. EFH plans to release its first quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on May 1, 2009.
Energy Future Holdings Corp. (EFH) today reported consolidated financial results for the fourth quarter and year ended December 31, 2008. The full year results were reported in EFH's Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) this morning.
Energy Future Holdings Corp. (EFH) has scheduled a conference call to discuss its 2008 financial and operating results today, Tuesday, March 3, 2009. EFH plans to release its 2008 financial results in its 2008 Annual Report on Form 10-K, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on March 3, 2009.
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its 2008 financial and operating results on Tuesday, March 3, 2009. EFH plans to release its 2008 financial results in its 2008 Annual Report on Form 10-K, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on March 3, 2009.
Energy Future Holdings Corp. (EFH), today reported consolidated financial results for the third quarter and year-to-date periods ended September 30, 2008 in the company’s Quarterly Report on Form 10-Q filed with the Securities Exchange Commission (SEC) and announced the closing of the sale of a 19.96 percent interest in its subsidiary, Oncor Electric Delivery Company LLC (Oncor), for net proceeds of $1.253 billion.
Oncor has scheduled a conference call on Thursday, Nov. 6, 2008 to discuss its third quarter operational and financial results. Oncor plans to release its third quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission by 7:00 a.m. CST on Nov. 6, 2008.
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its third quarter financial and operating results on Thursday, November 6, 2008. EFH plans to release its third quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 7:00 a.m. on November 6, 2008.
Today, the companies of Energy Future Holdings (EFH) – Oncor, Luminant and TXU Energy – pledged $1 million in disaster relief funding to help those impacted by Hurricane Ike.
The Q2 08 Conference Call Webcast is scheduled for Aug. 19, 2008 at 10 a.m.(CT).
Energy Future Holdings Corp. (EFH), today reported consolidated financial results for the second quarter and year-to-date periods ended June 30, 2008 in the company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC).
EFH will host a teleconference to discuss its first quarter results with its investors today, Monday, May 19, 2008, at 9 a.m. Central (10 a.m. Eastern).
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its first quarter financial and operating results on Monday, May 19, 2008. EFH plans to release its first quarter results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than May 15, 2008.
Join the Q4 2007 conference call to discuss EFH's 2007 financial and operating results at 9 a.m. Central (10 a.m. Eastern) on Tuesday, April 1, 2008.
Oncor Electric Delivery Company LLC today reported 2007 financial and operational results. Oncor is the electricity transmissa ion and distribution company serving some 7 million Texans through 3 million electric delivery points across North Texas.
Energy Future Holdings Corp. (EFH), formerly TXU Corp., today reported its 2007 financial results in the company's 2007 Annual Report on Form 10-K (2007 10-K) filed with the Securities and Exchange Commission. On October 10, 2007, EFH was acquired by affiliates of Kohlberg Kravis Roberts & Co., TPG, Goldman Sachs Capital Partners and other investors (the Merger) and became a privately-held company.
Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its 2007 financial and operating results on Tuesday, April 1, 2008. EFH plans to release its 2007 results in its Annual Report on Form 10-K, which will be filed with the U.S. Securities and Exchange Commission no later than March 31, 2008.
Energy Future Holdings Corp. (EFH) and Oncor Electric Delivery Company LLC (Oncor), EFH’s transmission and distribution subsidiary, announced that they have commenced the process to offer for sale a 20 percent minority ownership interest in Oncor to other investors.
Energy Future Holdings Corp. (formerly named TXU Corp.) announced today that it intends to sell, subject to market conditions, up to approximately $2.0 billion in aggregate principal amount of cash-pay senior notes due 2017 in a private placement pursuant to Rule 144A and Regulation S of the Securities Act of 1933.
TXU Corp. (NYSE: TXU) today announced the completion of its merger agreement with Texas Energy Future Holdings Limited Partnership (TEF). TEF is led by a group of investors including Kohlberg Kravis Roberts & Co. (KKR), Texas Pacific Group (TPG) and Goldman Sachs Capital Partners. TXU shareholders overwhelmingly approved the merger at the company’s Annual Meeting on September 7, 2007.
The following were released by TXU Corp.
TXU Corp. (NYSE: TXU) announced today the determination of the total consideration and tender offer consideration to be paid pursuant to its cash tender offers and related consent solicitations for the 4.80% Series O Senior Notes due 2009 of TXU Corp. and the 6.125% Senior Notes due 2008 and 7.000% Senior Notes due 2013 (collectively, the “Notes”) of Texas Competitive Electric Holdings Company LLC (“TCEH”).
TXU Corp. (NYSE: TXU) announced today that it has received consents (coupled with tenders) from holders of a majority of the 4.80% Series O Senior Notes due 2009 of TXU Corp., considered as one class, and from holders of a majority of the 6.125% Senior Notes due 2008 and 7.000% Senior Notes due 2013 (collectively, the “Notes”) of Texas Competitive Electric Holdings Company LLC (“TCEH”), considered together as one class, to adopt the proposed amendments and waivers (the “Proposed Amendments”) to the terms of the applicable indentures under which the Notes were issued, to the officer’s certificates related to the Notes and to the Notes themselves.
TXU Corp. (NYSE: TXU) announced today that, subject to the satisfaction of the applicable closing conditions, it expects closing of its merger with a subsidiary of Texas Energy Future Holdings Limited Partnership (TEF) on October 10, 2007. TEF was formed by a group of investors led by Kohlberg Kravis Roberts & Co. L.P. (KKR) and Texas Pacific Group (TPG) to facilitate the merger. Holders of record of TXU Corp. common stock upon close of the merger will be entitled to $69.25 per share.
Oncor Electric Delivery Company (Oncor), a subsidiary of TXU Corp. (NYSE: TXU), announced today that along with Texas Energy Future Holdings Limited Partnership (TEF) it has an agreement in principle with major interested parties to resolve all outstanding issues in the Public Utility Commission of Texas (PUC) review related to the proposed merger of TXU Corp. with Texas Energy Future Merger Sub Corp, a wholly-owned subsidiary of TEF (the “Merger”).
TXU Corp. announced today that it has commenced cash tender offers for an aggregate of approximately $2.3 billion of outstanding unsecured debt securities issued by TXU Corp. or its subsidiary Texas Competitive Electric Holdings Company LLC (“TCEH”), which we refer to collectively as the “Notes”. TCEH is the holding company for TXU Corp.’s competitive businesses, Luminant and TXU Energy, and was formerly known as TXU Energy Company LLC.
The schedule for Oncor’s Take a Load Off, Texas SM Tour, a program designed to educate consumers about energy efficiency and the measures they can take to conserve energy.
TXU Corp. today announced that its shareholders have approved the merger agreement with Texas Energy Future Holdings Limited Partnership (TEF). TEF was formed by a group of investors led by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG) to facilitate the merger.
TXU Corp. (NYSE: TXU) today announced that Institutional Shareholder Services (ISS) and Glass Lewis, two leading independent proxy advisory firms, recommended that TXU shareholders vote “FOR” the merger transaction between TXU and Texas Energy Future Holdings Limited Partnership (TEF). TEF was formed by a group of investors led by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG) to facilitate the merger. TXU shareholders should vote promptly so that their votes can be counted at the company’s September 7, 2007 Annual Meeting of Shareholders.
TXU Corp. announced today that its board of directors declared a regular quarterly dividend of 43.25 cents per share on the common stock of the company.
TXU Corp. today reported consolidated results for the second quarter and year-to-date periods ended June 30, 2007.
TXU Corp. (NYSE: TXU) today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission for its annual meeting of shareholders at which shareholders are being asked to vote on the previously announced merger agreement with Texas Energy Future Holdings Limited Partnership, an acquisition vehicle formed by a group of investors led by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG).
TXU Corp. (NYSE: TXU) announced today that its 2007 Annual Meeting of Shareholders will be held at 9:30 a.m. Central time on Friday, September 7, 2007, at the Adam’s Mark Hotel, 400 North Olive Street, Dallas, Texas 75201.
TXU Corp. (NYSE:TXU) announced today that it plans to release its second quarter earnings results on Tuesday, August 7, 2007.
Pilot project to develop heating and air conditioning installation standards
Stay away from power lines!
TXU Corp. and Texas Energy Future Holdings Limited Partnership (TEF) today announced a one million dollar commitment to support Texas’ bid for the FutureGen power plant. Specifically, the donation will be used by the State of Texas to purchase rights to inject carbon dioxide near the proposed Jewett FutureGen site.
Cutting edge technology is designed to decrease outage times
TXU Corp. (NYSE: TXU) today reported consolidated results for the first quarter ended March 31, 2007.
Fewer than 4,000 in Dallas/Fort Worth without power
Restoration effort hits final stages
Customers Can Help Speed the Process with Simple Steps
Huge Strides in Power Restoration Made
Crews Working as Quickly and Safely as Possible to Restore Power
TXU Corp. (NYSE: TXU) announced today that its board of directors declared a regular quarterly dividend of 43.25 cents per share on the common stock of the company. The dividend will be paid on July 2, 2007, to shareholders of record at the close of business on June 1, 2007.
Seventh Consecutive Award for Knowledge, Experience in Tree Pruning
TXU Electric Delivery returns to the name Oncor Electric Delivery in a move to clarify its role.
TXU Corp. (NYSE: TXU), a Dallas-based energy company, announced today that the “go-shop” process conducted on its behalf by Lazard Freres & Co LLC (Lazard), the independent financial advisor to the TXU Board of Directors and its Strategic Transactions Committee, has ended. During the process, no proposal was received that could reasonably be expected to result in a proposal superior to the definitive merger agreement announced February 26, 2007 with an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group (the Merger). Under the terms of the merger agreement, shareholders will be paid $69.25 per share following closing. The Merger is subject to receipt of shareholder approval and required regulatory approvals, as well as satisfaction of other customary closing conditions. There is no financing condition to the Merger.
TXU Corp. announced today that Tom Baker has been named Vice Chairman of TXU Corp. and Robert S. Shapard has been named Chairman and Chief Executive Officer of Oncor, currently named TXU Electric Delivery.
TXU Electric Delivery crews are on stand by
TXU Corp. (NYSE: TXU), TXU Electric Delivery Company, a subsidiary of TXU Corp., and InfrastruX Group, a national provider of utility-related construction and maintenance services, announced today that they have mutually agreed to suspend their agreements relating to the InfrastruX Energy Services Group LP (IES) joint venture. The parties plan to terminate these agreements upon closing of the transaction under which an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group will acquire TXU Corp.
TXU Corp. (NYSE:TXU) announced today that it plans to release its first quarter earnings results on Wednesday, May 9, 2007.
TXU Corp. (NYSE: TXU) announced today the postponement of its Annual Meeting of Shareholders previously scheduled for June 15, 2007.
TXU Corp. (NYSE: TXU), a Dallas-based energy company, announced today an update regarding the “go-shop” process being conducted by Lazard Freres & Co LLC (Lazard), the independent financial advisor to the TXU Corp. Board of Directors and its Strategic Transactions Committee. Under the terms of the definitive merger agreement announced February 26, 2007, an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group will acquire TXU in a transaction valued at $45 billion. Under the terms of the merger agreement, shareholders will be paid $69.25 per share at closing. The transaction is subject to receipt of shareholder approval and required regulatory approvals, as well as satisfaction of other customary closing conditions. There is no financing condition to the transaction.
TXU Corp. announced today that its subsidiaries TXU Energy Company LLC (the parent company of TXU Power, TXU Wholesale and TXU Energy) and TXU Electric Delivery Company plan to issue an aggregate $1.8 billion of senior unsecured floating rate notes maturing by September 2008. The notes are expected to include $1 billion principal amount of senior unsecured floating rate notes at TXU Energy Company LLC and $800 million principal amount of senior unsecured floating rate notes at TXU Electric Delivery Company. The notes will be used to replace existing short-term borrowings. The proceeds from these offerings will not be used to fund the recently announced merger transaction involving TXU Corp. The notes will be mandatorily redeemable upon closing of the merger transaction and will not be outstanding after the closing.
Disconnections Could Occur; TXU Electric Delivery to Notify At-Risk Retail Customers
Continued leadership in protecting the environment through energy efficiency
TXU Corp. today reported consolidated results for the fourth quarter and full year ended December 31, 2006.
TXU Corp. a Dallas-based energy company, together with Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG), two of the nation’s leading private equity firms, and Goldman Sachs & Co., a leading global investment bank, announced today the execution of a definitive merger agreement under which an investor group led by KKR and TPG will acquire TXU in a transaction valued at $45 billion.
TXU Corp. announced today that its board of directors declared a regular quarterly dividend of 43.25 cents per share on the common stock of the company. The dividend will be paid on April 2, 2007, to shareholders of record at the close of business on March 2, 2007.
In January, TXU Electric Delivery launched a yearlong initiative to prevent electricity-related injuries and deaths.
TXU Corp. has scheduled its fourth quarter earnings release and a conference call to discuss the results and provide a quarterly update on the company’s business operations on Tuesday, February 27, 2007.
Safety, Preparedness Urged As Crews Gear Up For Storms
TXU Electric Delivery today announced a year-long initiative to promote electrical safety
TXU Corp. today announced that its 2007 Annual Meeting of Shareholders will be held at 9:30 a.m. on Friday, June 15, 2007, at the Adam’s Mark Hotel, 400 North Olive Street, Dallas, Texas 75201.
TXU Corp. today announced that it plans to voluntarily withdraw its securities from listing on NYSE Arca, Inc., formerly the Pacific Exchange. TXU’s securities will continue to be listed on the New York Stock Exchange.
Observe safety rules when operating space heaters
TXU Corp. today reported consolidated results for the third quarter ended September 30, 2006.
TXU Corp. today announced the company’s vision to see the nation’s older, less efficient power plants upgraded or displaced with new power generation technologies to meet the nation’s growing need for reliable, affordable and cleaner electric power.
TXU Corp. announced today that its senior leadership team plans to discuss the company’s business operations, power generation development strategy, and financial outlook on November 6–7, 2006, at the EEI Annual Financial Conference in Las Vegas, Nevada.
On Tuesday, September 26, 2006, C. John Wilder, chairman and CEO of TXU Corp., will participate in a panel discussion titled ”Texas and Beyond“ at the Merrill Lynch Global Power and Gas Leaders Conference in New York.
TXU Corp. has scheduled its third quarter earnings release and conference call to discuss the results on Thursday, November 9, 2006.
On Wednesday, September 6, 2006, C. John Wilder, chairman and CEO of TXU Corp., will speak with investors and financial analysts at the Lehman Brothers CEO Energy/Power Conference in New York. The presentation will include a discussion of the company’s business strategy and power generation development program.
TXU Corp. announced today that its board of directors declared a regular quarterly dividend of 41.25 cents per share on the common stock of the company.
TXU Corp. today reported consolidated results for the second quarter ended June 30, 2006.
In the last 12 months, copper prices have more than doubled and so have the number of copper thefts, resulting in increases in reported phone outages, power outages and construction costs.
First-of-its-Kind Agreement Expected to Generate Significant Benefits for TXU Electric Delivery Customers; Joint Venture Has Broad Applications for the U.S. Utilities Industry.
TXU Corp. has scheduled its second quarter earnings release and conference call to discuss the results on Tuesday, August 1, 2006.
TXU Corp. today reported the achievement of significant milestones in its solid-fuel power generation program, which includes the planned investment of over $10 billion to power the future of Texas through the construction of 11 coal power generation facilities.
TXU Corp., one of the nation’s largest electricity companies, hosted its 2006 annual meeting of shareholders today in Dallas.
TXU Corp. announced today that its board of directors declared a regular quarterly dividend of 41.25 cents per share on the common stock of the company. The dividend will be paid on July 3, 2006, to shareholders of record at the close of business on June 2, 2006.
Technology Offers Glimpse into the Future of Fuel-Conscious Fleets
TXU Corp. announced today the settlement rate for the settlement of the purchase contracts that are a component of TXU Corp.’s Income PRIDES (NYSE: TXU PrD) issued in 2002.
TXU Corp. hereby notifies holders of its SeriesM Senior Notes due May 16, 2008 (the “SeriesM Notes”) and holders of its Income PRIDES (NYSE: TXU PrD) issued in 2002, of which the SeriesM Notes comprise a part, that the Reset Spread and the Benchmark Treasury to be used to determine the Reset Rate for the SeriesM Notes in connection with the proposed May 11, 2006 remarketing of the SeriesM Notes (which Reset Rate will be in effect on and after May 16, 2006 if the remarketing is successful) have been determined and are not subject to change.
TXU Corp. today reported consolidated results for the first quarter ended March 31, 2006.
Company Accepts Sixth Consecutive Award for Knowledge, Experience in Tree Pruning
Estimated 21,000 still without power
As of 7:20 pm, the Electric Reliability Council of Texas (ERCOT) declared the statewide emergency over.
TXU Corp. has scheduled its first quarter earnings release and conference call to discuss the results on Tuesday, May 2, 2006.
Get your home or small business in shape for summer.
TXU Electric Delivery earns award for protecting the environment through energy efficiency.
TXU Corp. announced today the election of Gerardo (Gerry) I. Lopez as the newest member of its board of directors. He replaces William (Bill) M. Griffin, who retired from the board effective at the close of today’s meeting.
TXU Corp. and its remarketing agent, Lehman Brothers Inc., announced today that the remarketing of TXU Corp.’s 5.8% Series M Senior Notes due May 16, 2008 (CUSIP No. 873168868) will be rescheduled to May 11, 2006.
TXU Corp. today reported consolidated results for the fourth quarter and full year ended December 31, 2005.
TXU Corp. has scheduled its fourth quarter earnings release and conference call to discuss the results on Thursday, February 2, 2006.
TXU Electric Delivery, the nation’s sixth largest electric transmission and distribution company and a subsidiary of TXU Corp., and CURRENT Communications Group, LLC, the nation’s leading provider of broadband over power line (BPL) solutions, today announced an agreement to transform TXU Electric Delivery’s power distribution network into the nation’s first broadband-enabled Smart Grid.
TXU Corp. (NYSE: TXU) announced today that its board of directors, as part of its ongoing initiative regarding corporate governance excellence, has elected to accelerate the expiration of its shareholder rights plan (Plan) to November 18, 2005. TXU
– TXU Corp. (NYSE: TXU) announced today the settlement rate for the second and final settlement of the purchase contracts that are a component of TXU Corp.’s Corporate Units (NYSE: TXU PrC) issued in 2001. The settlement rate is based upon the average of the closing price per share of TXU Corp. common stock on the New York Stock Exchange for the 20 consecutive trading days ending on November 11, 2005. Since the average closing price per share was greater than the “threshold appreciation price” of $55.68, the settlement rate is equal to 0.4490 shares of TXU Corp. common stock per Corporate Unit. The settlement will occur on November 16, 2005.
Two weeks and 12,000 restored customers later, TXU Electric Delivery crews who worked to restore power in Florida are coming home to Texas.
TXU Corp. announced today that it is revising the previously announced record date for its regular cash dividend from December 9, 2005 to December 19, 2005. The cash dividend will be paid on January 3, 2006 to shareholders of record as of the revised record date.
TXU Corp. announced today that its growth and financial strategy reviews are complete. The company maintained its outlook for 2005 operational earnings in a range of $3.25 to $3.35 per share, updated its 2006 outlook to a range of $5.50 to 5.75 per share, and established a preliminary outlook for 2007 operational earnings of a two percent improvement relative to the 2006 midpoint. TXU Corp.’s board of directors authorized a two-for-one stock split to be effected in the form of a 100 percent stock dividend and increased the regular quarterly dividend by 47 percent. In addition, TXU Corp.’s board of directors authorized the repurchase of up to 34 million shares (on a split-adjusted basis) through the end of 2006. These actions are consistent with the results of company performance in 2005 and the completion of the company’s comprehensive review of its financial and growth strategies which are discussed further in this release.
TXU Corp. hereby notifies holders of its Series L Senior Notes due November 16, 2007 (the “Series L Notes”) and holders of its Corporate Units (NYSE: TXU PrC) issued in 2001, of which the Series L Notes comprise a part, that the Series L Reset Spread and the Benchmark Treasury to be used to determine the Series L Reset Rate for the Series L Notes in connection with the proposed November 10, 2005 remarketing of the Series L Notes (which Series L Reset Rate will be in effect on and after November 16, 2005 if the remarketing is successful) have been determined and are not subject to change. The Series L Reset Spread is 155 basis points (1.55%) and the Benchmark Treasury is CUSIP 912828EK2 (Maturity October 31, 2007).
TXU Corp. (NYSE: TXU) today reported consolidated results for the third quarter ended September 30, 2005.
One day after Hurricane Wilma slammed the Florida coastline, TXU Electric Delivery announced plans to fly employee volunteers to southern Florida to help restore power.
TXU Electric Delivery Company, a subsidiary of TXU Corp. (NYSE: TXU), announced today that it has invoked the fall-away provision of the 2002 Indenture for its Senior Secured Notes.
TXU Corp. (NYSE: TXU) announced today that its senior leadership team plans to discuss the company’s business strategy and outlook during the November 6 – 9, 2005 EEI Annual Financial Conference in Hollywood, Florida.
TXU Energy, the competitive retail electric provider unit of TXU Corp. (NYSE: TXU), announced today that it will launch the TXU Energy Peace of Mind Program, a four-part customer assistance program, beginning November 1.
TXU Energy, the competitive retail electricity business of TXU Corp. (NYSE: TXU), today filed with the Public Utility Commission of Texas (PUC) a request for a fuel factor adjustment for its Price to Beat (PTB) electricity rates.
TXU Electric Delivery reports today that East Texas restoration is more than 90% complete, with less than 11,500 customers in Angelina and Nacogdoches Counties needing power.
TXU Corp. (NYSE:TXU) has scheduled its third quarter earnings release and conference call to discuss the results on Tuesday, November 1, 2005.
TXU Electric Delivery reports that the number of homes and business without power System-wide is less than 70,000, down from 130,000 at the height of the storm.
TXU Electric Delivery reported that approximately 70,000 homes and businesses are without power today due to the effects of Hurricane Rita.
As Hurricane Rita plowed into the Gulf Coast on Saturday and moved inland, winds along the storm’s outlying edge hit East Texas, leaving approximately 100,000 customers without power, mainly in the Lufkin/Nacogdoches/Tyler areas.
With Hurricane Rita reaching Category 5 status and expected to make landfall this weekend, TXU Electric Delivery is activating crews across its service territory in preparation for heavy rain and high winds as far north as Dallas/Fort Worth.
TXU Corp. (NYSE: TXU) announced today another step to support relief efforts for Hurricane Katrina victims by delaying consideration of a price to beat (PTB) change until October and voluntarily proposing a potential discount when any such change is approved in order to moderate electricity prices through the end of 2005 for its North Texas customers.
Hurricane Katrina Update
TXU Electric Delivery sends second wave of support to Louisiana, bringing total number of employees and contractors committed to 770.
TXU Corp. (NYSE:TXU) announced today the election of Leldon (Lel) E. Echols as the newest member of its board of directors. He replaces Derek C. Bonham, who previously announced his intention to retire from the board.
TXU Corp. (NYSE: TXU), today announced the naming of James A. Burke chairman and CEO of TXU Energy, the company’s retail business, and Michael T. McCall chairman and CEO of TXU Wholesale, the business that optimizes the purchases and sales of energy for generation and retail businesses in the competitive wholesale market.
XU Corp. (NYSE: TXU) and its remarketing agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, announced today that the remarketing of TXU Corp.’s 5.45% Series L Senior Notes due November 16, 2007 (CUSIP No. 873168801) will be rescheduled to November 10, 2005. The Senior Notes originally were scheduled to be remarketed on August 11, 2005.
In 2004, TXU launched a comprehensive restructuring program, which included the disposition of non-core businesses, increased investments in customer service and reliability, and a broad-based operational improvement program. The successful execution of this ongoing restructuring program is evident in the company’s quarterly results.
TXU Corp. (NYSE: TXU) announced today that Derek C. Bonham has informed the company of his intention to retire from the TXU Corp. Board of Directors for health reasons.
TXU Corp. (NYSE:TXU) has scheduled its second quarter earnings release and conference call to discuss the results on Tuesday, August 2, 2005.
TXU Corp. affirmed today its previously announced earnings outlook range as it continues to evaluate the appropriate financial strategy to position the company for long-term growth and financial flexibility.
- TXU Corp. announced today that its 52.5 million accelerated share repurchase program initiated in November 2004 is complete.
TXU Corp., one of the nation’s largest electricity companies, hosted its 2005 annual meeting of shareholders today in Dallas.
TXU Corp. (NYSE: TXU) today reported consolidated results for the first quarter ended March 31, 2005.
Public awareness effort coincides with National Electric Safety Month.
TXU Energy, a subsidiary of TXU Corp., today filed a request for a fuel factor adjustment for its Price to Beat electricity rate with the Public Utility Commission of Texas (PUC) in response to a sustained increase in natural gas prices.
TXU Corp. announced today that its subsidiaries, TXU Energy Company LLC (TXU Energy Holdings) and TXU Electric Delivery Company (TXU Electric Delivery), amended their joint credit facilities, increasing the capacity from $2.5 billion to $3.5 billion, extending the maturity dates and reducing the borrowing costs.
TXU Electric Delivery earns award for protecting the environment through energy efficiency.
TXU Corp. (NYSE: TXU) announced today that its board of directors declared a regular quarterly dividend of 56.25 cents per share on the common stock of the company. The dividend will be paid on April 1, 2005 to shareholders of record as of March 4, 2005.
TXU Corp. (NYSE: TXU) today reported consolidated results for the fourth quarter and full year ended December 31, 2004.
TXU Corp. (NYSE:TXU), through its subsidiary TXU Power, announced today that it intends to offer the capacity from 61 percent of its natural gas-fired Texas generating fleet totaling 6,214 megawatts for contract (through a tolling arrangement) or for sale.
TXU Corp. (NYSE: TXU) today announced that it reached a comprehensive agreement resolving potential claims relating to TXU Europe Ltd. and its affiliates and major creditor groups. The agreement, under which TXU Corp. denies any liability, consists of a one-time payment to TXU Europe Ltd. of $220 million, which will be distributed to creditors.
TXU Corp. (NYSE: TXU) announced today that its Board of Directors haselected Stan Szlauderbach senior vice president and controller. Szlauderbach was formerly assistant controller of the company and has been interim controller since September 30, 2004.
TXU Corp. (NYSE: TXU) announced today that it reached a comprehensive settlement regarding the consolidated amended securities class action lawsuit initially filed against the company in October 2002.
TXU Corp. announced today the intended redemption by TXU Capital II of all $150 million aggregate liquidation amount of the 8.70% Trust Originated Preferred SecuritiesSM (TOPrSSM) of TXU Capital II at a redemption price equal to $25 per TOPrS plus accumulated and unpaid distributions to the redemption date. The redemption date will be December 31, 2004. The TOPrS are listed on the New York Stock Exchange under the symbol “TXU PrB.”
TXU Corp. (NYSE: TXU) announced today that on Friday, November 26, it closed the previously announced accelerated share repurchase agreement to repurchase 52.5 million shares of its outstanding common stock at an initial price of $64.57 per share. The repurchase agreement was funded with the proceeds from the sale of $3.5 billion of senior notes.
TXU Corp. announced today that it has closed on the sale of $3.5 billion of senior notes with registration rights in a private placement transaction.
TXU Corp. (NYSE: TXU) announced today that it has signed an accelerated share repurchase agreement with Citigroup for the repurchase of 52.5 million shares of its outstanding common stock at an initial price of $64.57 per share. TXU Corp. expects to fund this transaction with the proceeds from the anticipated closing of an offering of its debt securities.
TXU Power, a subsidiary of TXU Corp., announced today plans to declare inactive, or “mothball,” eight natural gas-fired electric generating units.
TXU Corp. announced today the settlement rate for the first settlement of the purchase contracts that are a component of the TXU Corp. Corporate Units (NYSE:TXU PrC).
TXU Corp. (NYSE:TXU) announced today that, despite strong demand, it has withdrawn its private offering of approximately $2 billion of senior notes due to a technicality related to the offering memorandum that was brought to the company’s attention after the offering was launched.
TXU Corp. announced today that its board of directors has adopted a revised dividend and cash distribution policy. In addition, the company has increased its outlook for operational earnings for 2005 and completed its performance improvement review.
TXU Corp. (NYSE: TXU) today reported consolidated results for the third quarter ended September 30, 2004.
TXU Corp. (NYSE: TXU) announced today the results of the cash tender offers for its equity-linked debt securities and convertible notes that were announced on September 15.
On Tuesday, October 26, 2004, John Wilder, president and chief executive of TXU Corp., will provide an update on TXU’s strategy and financial outlook at the EEI Annual Financial Conference in San Diego, California.
TXU Corp. (NYSE: TXU) announced today the pricing for its cash tender offers for its equity-linked debt securities and convertible notes that were announced on September 15.
TXU Corp. announced today the completion of the merger transaction whereby Atmos Energy Corporation acquired the operations of TXU Gas Company for cash proceeds of $1.905 billion.
TXU Corp. (NYSE:TXU) will release its third quarter earnings and host a conference call to discuss the results on Friday, October 22, 2004.
On Tuesday, September 28, 2004, John Wilder, president and chief executive of TXU Corp., will provide an update on TXU’s strategy at the Merrill Lynch Global Power & Gas Leaders Conference in New York. A live web cast of the presentation will be available on the Investor Resources section of TXU Corp.’s web site at www.txucorp.com beginning at approximately 5:45 p.m. EDT. The web cast will be archived on the web site for approximately 14 days.
TXU Corp. (NYSE: TXU) announced today, as part of its debt and capital management program, cash tender offers for its equity-linked debt securities and convertible notes and, subject to market conditions and other factors, potential additional purchases of common stock.
On Wednesday, September 8, 2004, John Wilder, president and chief executive of TXU Corp., will provide an overview of TXU’s strategy at the Lehman Brothers CEO Energy/Power Conference in New York.
TXU Corp. (NYSE:TXU) hereby notifies holders of Series K Senior Notes due November 16, 2006 (the “Series K Notes”) and holders of its Equity Units issued in 2001, of which the Series K Notes comprise a part, that the Series K Reset Spread and the Benchmark Treasury used to determine the Series K Reset Rate for the Series K Notes (which Series K Reset Rate will be in effect on and after August 16, 2004) have been determined and are not subject to change.
TXU Corp. (NYSE:TXU) announced today that the sale of TXU Australia to Singapore Power for an enterprise value of $3.6 billion is complete.
TXU Corp. today reported consolidated results for the second quarter ended June 30, 2004.
The Public Utility Commission (PUC) of Texas today approved TXU Energy's request to change the company's electric prices for North Texas customers. High natural gas prices led to TXU Energy's request. Natural gas is a key component in generating electricity and the key driver of electricity prices. The PUC’s approval reflects the higher market prices.
TXU Corp. (NYSE:TXU) and Singapore Power announced that, with the approval today by the Australian Competition and Consumer Commission, the sale of TXU Australia to Singapore Power for an enterprise value of approximately $3.72 billion is expected to close by the end of July.
TXU Corp. (NYSE: TXU) is offended by the false allegations made by Texas Commercial Energy (TCE) against TXU Corp. and TXU Energy Company LLC and its subsidiaries (TXU Energy) and is exploring potential legal actions. These issues have been addressed and investigated over the past year by the Public Utility Commission of Texas (PUC).
TXU Corp. (NYSE:TXU) will release its second quarter earnings and host a conference call to discuss the results on Thursday, July 29, 2004.
TXU Energy Company LLC (TXU Energy), a wholly-owned subsidiary of TXU Corp. (NYSE: TXU), announced today that it will not complete the partially constructed generating facilities at its Twin Oak location and has therefore abandoned the project. Based on this decision, TXU Energy intends to redeem certain tax-exempt bonds issued to finance facilities at the Twin Oak location.
TXU Corp. announced today that it repurchased 20 million shares of its outstanding common stock through an accelerated share repurchase agreement at an initial price of $39.86 per share. TXU plans to use the shares to offset the majority of up to 21.2 million shares of common stock that would be issued under its $1.017 billion of outstanding equity-linked securities, the terms of which require issuance of common stock in November 2004, November 2005 and May 2006.
TXU announced today that its subsidiaries, TXU US Holdings Company, TXU Energy Company and TXU Electric Delivery Company have refinanced $2.25 billion of bank facilities scheduled to mature in 2005.
TXU Energy today filed a request with the Public Utility Commission of Texas (PUC) to change the company’s electricity prices for North Texas customers due to increased market prices of natural gas. Natural gas is a key component in generating electricity and the key driver of wholesale electricity prices. A decision is expected from the PUC by the end of July.
TXU Electric Delivery Company, formerly Oncor Electric Delivery Company, announced today that its wholly owned, special purpose subsidiary, TXU Electric Delivery Transition Bond Company LLC, formerly Oncor Electric Delivery Transition Bond Company LLC, has completed the issuance of approximately $790 million of Transition Bonds.
TXU (NYSE:TXU) and Energy Transfer Partners L.P. announced today that the sale of the assets of TXU Fuel Company to Energy Transfer Partners is complete.
TXU (NYSE:TXU), an energy services company serving 2.6 million electricity customers in Texas, hosted its 2004 annual shareholders meeting today in Fort Worth.
TXU Corp. provided a preview of its investor conference to be held with institutional investors and financial analysts later today. The conference will review the business plan developed by the company over the past 90 days and include discussions of: (i) initiatives to improve customer service, reliability, and operational performance; (ii) transactions to unlock value and reduce risk; (iii) the initial 2005 detailed outlook and high level 2006 outlook; and (iv) announcement of organizational realignment and the new executive management team.
TXU Corp. today reported first quarter ended March 31, 2004 earnings of $0.50 per diluted share, after a $0.06 per share loss from discontinued operations, and a $0.01 preference stock dividend. Income from continuing operations was $0.57 per diluted share. Comparable earnings for the first quarter of 2003 were $0.14 per diluted share, including a cumulative effect of changes in accounting principles which lowered earnings by $0.15 per share, a $0.03 per share loss from discontinued operations, and a $0.02 preference stock dividend. Income from continuing operations was $0.34 per diluted share. Special items in the first quarter of 2004 totaled $0.07 per share; no special items were identified in the prior-year quarter.
TXU Corp. (NYSE: TXU) today announced a series of transactions totaling approximately $8 billion: the sale of TXU Australia, the sale of TXU Fuel, its intent to sell TXU Gas and the repurchase of TXU Energy’s Exchangeable Preferred Membership Interests. Additionally, TXU announced expected 2004 results of its 4+4 business improvement program. TXU should realize value and reduced risks from these transactions and initiatives, including an enhanced earnings outlook, reduced debt level, reduced debt to total capital and increased interest coverage ratio.
TXU will release its first quarter earnings and host a conference call to discuss the results on Thursday, May 6, 2004. TXU will also host an Analyst Day at the Adam’s Mark Hotel in Dallas on Tuesday, May 18, 2004, with a reception the prior evening. More information regarding this event will be provided at a later date.
TXU announced today that the board of directors has selected C. John Wilder as president and chief executive of TXU Corp., effective immediately. Wilder, formerly executive vice president and chief financial officer of Entergy Corporation, will succeed Erle Nye, 66, who is stepping down as chief executive. Nye will continue as chairman of the board through May of 2005. He will remain on the board after that, and it is expected that Wilder will become chairman and chief executive.
TXU (NYSE: TXU) reported today earnings for the quarter and year ended December 31, 2003.
TXU will release its fourth quarter earnings and host a conference call to discuss the results on Thursday, February 12, 2004. TXU will also hold its regular quarterly meeting with analysts on Tuesday, February 17, 2004 in New York, NY.
TXU (NYSE:TXU) reported today that its board of directors declared a regular quarterly dividend of 12.5 cents per share on the common stock of the company. The dividend will be paid on January 2, 2004 to shareholders of record as of December 5, 2003.
TXU announced today that third quarter earnings from continuing operations, net of preference stock dividends, for the third quarter ended September 30, 2003 were $368 million, or $1.01 per diluted share of common stock compared to $250 million, $0.88 per diluted share of common stock for the same period last year, a 15 percent increase. All of TXU's business segments performed better than last year.
TXU (NYSE: TXU) met today with financial analysts at the annual Edison Electric Institute Financial Conference. TXU Chairman and Chief Executive Erle Nye and other senior executives reviewed recent highlights for the company and updated earnings guidance for the third quarter ended September 30, 2003 and for the full year 2003.
TXU (NYSE:TXU) will release its third quarter earnings and host a conference call to discuss the results on Wednesday, November 5, 2003. TXU will also host its regular meeting with analysts at the Edison Electric Institute (EEI) Annual Financial Conference in Orlando, Florida on Monday, October 27, 2003.
Oncor Electric Delivery Company (Oncor) announced today that its wholly owned, special purpose subsidiary, Oncor Electric Delivery Transition Bond Company LLC, has completed the issuance of $500 million of Transition Bonds. Oncor has received the net proceeds from the issuance and will use these proceeds to retire debt and equity at Oncor. Equity retirements at Oncor are expected to be used to retire debt at TXU or its other subsidiaries.
TXU (NYSE:TXU) reported today that its board of directors declared a regular quarterly dividend of 12.5 cents per share on the common stock of the company. The dividend will be paid on October 1, 2003 to shareholders of record as of September 5, 2003.
TXU (NYSE: TXU) announced today that earnings from continuing operations, net of preference stock dividends, for the second quarter ended June 30, 2003 were $171 million, or $0.49 per diluted share of common stock. This compares to expectations of $0.35 per diluted share and to earnings from continuing operations for the second quarter of 2002 of $172 million or $0.64 per diluted share of common stock.
TXU (NYSE: TXU) announced today the pricing of $475 million of floating rate convertible senior notes due 2033. TXU expects to lower its cost of borrowings and letters of credit and improve its liquidity by using the net proceeds of the offering as collateral for a five year revolving credit facility. Under this facility loans may be made to repay other indebtedness and letters of credit may be issued for the benefit of TXU and its subsidiaries.
TXU (NYSE: TXU) announced today that it intends to sell, subject to market and other conditions, approximately $475 million of floating rate convertible senior notes due 2033 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be senior unsecured obligations of the Company.
TXU (NYSE: TXU) announced today that it intends to sell, subject to market and other conditions, approximately $475 million of floating rate convertible senior notes due 2033 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1993, as amended. The notes will be senior unsecured obligations of the Company.
TXU (NYSE: TXU) announced today that it intends to sell, subject to market and other conditions, approximately $475 million of floating rate convertible senior notes due 2033 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1993, as amended. The notes will be senior unsecured obligations of the Company.
TXU (NYSE:TXU) will release its second quarter earnings and host a conference call to discuss the results on Thursday, July 31, 2003. TXU will also hold its regular quarterly meeting with analysts on Thursday August 7, 2003 in New York, NY, and also Boston, MA.
TXU (NYSE: TXU) announced today that David H. Anderson, formerly vice president of investor relations, has been appointed senior vice president and principal accounting officer.
TXU Gas Company, a subsidiary of TXU Corp. (NYSE: TXU), today filed a rate case with the Railroad Commission of Texas and in 437 incorporated cities that it serves throughout its service territory including the Dallas/Fort Worth Metroplex area. The filing proposes adjustments to the current rates that all classes of customers pay for the transmission and delivery of natural gas to their homes and businesses. The proposed effective date for the new rates is June 27, 2003.
TXU (NYSE:TXU), an energy services company serving five million customers in Texas and Australia, hosted its 2003 annual shareholders meeting today in Mesquite, Texas.
TXU (NYSE:TXU) announced today that it plans to sell the company’s interests in the telecommunications business, TXU Communications, as a part of a continued focus on its leadership position in the energy business in Texas and Australia. The sale is expected to be completed in mid-2004.
TXU (NYSE: TXU) announced today that two of its subsidiaries, TXU Energy Company LLC (TXU Energy) and Oncor Electric Delivery Company (Oncor), have established a $450 million revolving credit facility that matures on February 25, 2005. In addition, TXU announces that all cash borrowings under its credit facilities in North America have been repaid.
Oncor, a TXU Corp. (NYSE: TXU) subsidiary, was selected out of more than 7,000 organizations nation-wide as the ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency (EPA) for contributing to the reduction of nearly 30 million pounds of greenhouse gas emissions. Oncor accomplished this by qualifying energy-efficient homes that earn the ENERGY STAR. The company will be recognized at an awards ceremony in Washington, D.C. on April 15th, 2003.
TXU (NYSE:TXU) will release its first quarter earnings and host a conference call to discuss the results on Thursday, May 1, 2003. TXU will also hold its regular quarterly meeting with analysts on Thursday, May 8, 2003, in New York, NY, followed by similar meetings on Friday, May 9, 2003, in San Francisco and Los Angeles, CA.
TXU announced today the election of Michael W. Ranger as the newest member of its Board of Directors. Ranger replaces Charles R. Perry who has elected to retire from the board.
TXU (NYSE: TXU) shareholders voted in favor of transferring, within the company’s shareholder equity, a portion of stated capital to surplus at a special shareholders meeting today in Dallas. Shareholder approval was required by Texas law to continue paying dividends, following charges incurred in the fourth quarter of 2002 that reduced TXU’s surplus to below zero.
TXU Corp. reported a net loss for 2002 of $4.232 billion, $15.23 per share (diluted) of common stock compared with net income for 2001 of $655 million, $2.52 per share.
TXU will release its fourth quarter earnings and host a conference call to discuss the results on Wednesday, February 5, 2003. TXU will also hold its regular quarterly meeting with analysts on Monday, February 10, 2003 in New York, NY.
TXU Energy signs a multi-year contract, effective Jan.1, 2003, to provide energy and energy-related services to Rio Grande Electric Cooperative Inc.
TXU (NYSE:TXU) noted today the decision by Moody’s Investors Service to downgrade credit ratings at TXU Corp. and certain subsidiaries. While TXU is disappointed with the action, the company’s subsidiaries maintain solid investment grade ratings. The company has ample liquidity and continues to focus on solid core operations and further strengthening of its credit. TXU Corp.’s and its subsidiaries’ credit ratings at Standard and Poor’s and Fitch Ratings are investment grade.
DALLAS – (November 26, 2002) –TXU Corp. (NYSE: TXU) announced today that it has priced its offering of 30.5 million shares of common stock at a public offering price of $14.75 per share. TXU has granted, and the underwriters have exercised, an option to purchase an additional 4.5 million shares of common stock, also at $14.75 per share, to cover over allotments. The common stock is expected to be issued on Monday, December 2, 2002. Net proceeds will be used for working capital and general corporate purposes, including the repayment of short term debt.
TXU (NYSE:TXU) announced today that TXU Energy Company LLC, a wholly owned subsidiary of TXU Corp., closed on Friday, November 22, 2002, its previously announced issuance of $750 million of exchangeable subordinated notes due 2012.
TXU (NYSE:TXU) announced today that it plans a public offering of approximately 28 million shares of new issue common stock. Pricing of the transaction is expected to be completed today.
One hundred high school juniors will gather at the Universities Center at Dallas today, for an all-day leadership development forum. This forum kicks off a two-part program called Leadership 11, that will benefit a total of 300 area 11th graders, who are academically capable, but may be impeded by social or cultural influences, to pursue a higher education.
TXU Corp. (TXU) (NYSE:TXU) today announced that its wholly owned subsidiary, TXU Energy Company LLC (TXU Energy), has signed an agreement to issue $750 million of exchangeable subordinated notes due 2012 to DLJ Merchant Banking Partners III , L. P., a CSFB Private Equity Fund and its affiliated funds (DLJ Merchant Banking Partners). The transaction is expected to close by the end of the week.
DALLAS—(October 30, 2002) TXU (NYSE:TXU) today announced that reported earnings for the third quarter ended September 30, 2002 were $0.73 per share of common stock versus $1.28 per share for the third quarter of 2001. Excluding results from Europe, which are expected to be reflected as discontinued operations in the fourth quarter, and other unusual items, earnings for the current quarter were $0.92 per share compared to $1.27 per share for the prior year quarter. The current quarter excludes the impairment of the company’s small natural gas distribution business in Monterrey, Mexico. The prior year quarter excludes the regulatory adjustment at North America Energy, as reported last year.
TXU (NYSE :TXU) announces an agreement by TXU Europe to sell 5.3 million gas and electric customers and 2.9 gigawatts of production in the UK to Powergen for a value of approximately $2.9 billion (GBP 1.9 billion). The agreement provides for most of TXU Europe’s UK employees.
TXU announced today that it will provide an update to its financial position at the upcoming EEI Annual Financial Conference in Palm Desert, California.
TXU announced that it took dramatic action today to ensure that TXU Corp.’s credit and liquidity position remains strong.
TXU (NYSE: TXU) announced today that it has elected to draw upon its unsecured bank facilities at TXU US Holdings and TXU Energy in a move to increase its cash position. This action will increase the company’s cash balance by $2.6 billion and solidify its liquidity position.
TXU (NYSE:TXU) reaffirmed today that it is in strong financial position and has ample liquidity, and that it knows of no fundamental reason for the way the TXU common stock traded this morning.
TXU (NYSE: TXU), a global energy services company serving customers in the United States, Europe and Australia, announced today that it is adjusting its guidance for earnings for the third quarter ended September 30, 2002 to a range of $0.90 to $0.95 and fourth quarter to a range of $0.60 to $0.65 per share of common stock. Management is also adjusting its guidance for the year 2002 to a range of $3.20 to $3.25 per share of common stock, and its guidance for the year 2003 to a range of $3.45 to $3.55 per share of common stock.
Norwegian retail company Forbrukerkraft today announces its purchase of Meganor AS, for c.30mNOK, further strengthening its position in the Nordic region with the addition of another 38,000 customers to its retail portfolio.
TXU announced today the issuance of $349 million of common Stock.
The dividend will be paid October 1, 2002 to shareholders of record as of September 6, 2002.
TXU Corp. (TXU:NYSE) announced today that chairman and chief executive, Erle Nye and chief financial officer, Mike McNally filed sworn statements with the Securities and Exchange Commission attesting to the completeness and accuracy of TXU’s most recent annual and quarterly financial reports. Nye and McNally also executed separate certifications concerning TXU’s second quarter Form 10Q, as required by the Sarbanes-Oxley Act of 2002.
TXU (NYSE:TXU), a global energy services company with business interests on three continents, today announced that earnings for the second quarter ended June 30, 2002 were $0.73 per share of common stock versus $0.78 per share for the second quarter of 2001. Year-to-date earnings were $1.67 per share of common stock compared to $1.55 per share for year-to-date 2001, an increase of eight percent. Before an extraordinary item related to debt extinguishment in the first quarter, earnings for year-to-date 2002 were $1.73 per share, an increase of seven percent over the prior year period earnings of $1.61 per share, excluding unusual restructuring costs in the first quarter of 2001.
TXU (NYSE:TXU) will release its second quarter earnings and host a conference call to discuss the results on Thursday, July 25, 2002. TXU will also hold its regular quarterly meeting with analysts on July 30, 2002 in New York, NY and Boston, MA, followed by similar meetings July 31, 2002 in San Francisco, CA, and August 1, 2002 in Los Angeles, CA.
TXU Corp. (NYSE: TXU) announced today that it has priced offerings of 11 million shares of common stock at a public offering price of $51.15 per share and 8.8 million equity units (FELINE PRIDES) at a public offering price of $50.00 per share.
TXU Corp. (NYSE: TXU) announced today it plans to offer an aggregate of approximately $750 million of securities, expected to consist of five million equity units (FELINE PRIDES) and 9.5 million shares of common stock.
TXU (NYSE: TXU), a global energy services company serving customers in the United States, Europe and Australia, held its annual meeting of shareholders today in Dallas.
TXU (NYSE:TXU), a global energy services company with business interests on three continents, today announced that earnings for the first quarter ended March 31, 2002 were $0.94 per share of common stock versus $0.76 per share for the first quarter of 2001, an increase of 24%.
TXU to release first quarter earnings on April 25 and host analysts meeting in New York City on April 29.
The financial results of the Savon Voima Group – that changed its name to Atro Group at the end of the year – improved in 2001.
Oncor has been recognized for its tree pruning standards, employee education and public education programs for 2001 with the Tree Line USA award. Oncor is the new name for TXU's energy delivery business. Serving one-third of the state of Texas, Oncor delivers electricity and natural gas to the residential and business consumers of retail energy providers.
TXU declares 60 cent regular quarterly dividend for fourth quarter.
TXU (NYSE:TXU), a global energy services company with business interests on three continents, reported today that it earned $3.78 per share of common stock on record revenues of $28 billion, a 27 percent increase, and earnings of $980 million for the year ended December 31, 2001, excluding unusual items discussed below. This represents a 10 percent increase over earnings of $3.43 per share for 2000. Reported earnings were $2.52 per share of common stock on net income of $655 million.
TXU will release its fourth quarter earnings and host a conference call to discuss the results on Thursday, January 31, 2002. TXU will also hold its regular quarterly meeting with analysts on Tuesday, February 5, 2002 at the New York Stock Exchange.
TXU (NYSE:TXU) announced today that its potential earnings exposure to Enron is less than $20 million (after tax). TXU continues to take necessary actions to reduce this immaterial exposure. More importantly, on a cash basis, TXU has no net exposure to Enron.
TXU Corp. (NYSE: TXU), a global energy company with operations on three continents, reported today that its board of directors declared a regular quarterly dividend of 60 cents per share on the common stock of the Company. The dividend will be paid on January 2, 2002 to shareholders of record as of December 7, 2001.
TXU Electric, a wholly owned subsidiary of TXU (NYSE: TXU), has called for redemption all of the outstanding 8.25% Trust Originated Preferred Securities of TXU Electric Capital I (NYSE: TUE prO).
TXU (NYSE:TXU), a global energy company with operations on three continents, today announced that earnings for the third quarter increased 14 percent, excluding non-operating items.
TXU to host conference call on Thursday, October 25, at 10 a.m. CT (11 a.m. ET)to discuss third quarter earnings.
TXU announced today that it has completed pricing of $875 million of Equity Units and has granted the underwriters an option to purchase an additional $125 million of Equity Units to cover over-allotments.
TXU intends to market at least $750 million of Equity Units. The Equity Units consist of two unsecured $25 notes and a contract to purchase TXU common stock in the future.
TXU Electric, a wholly owned subsidiary of TXU (NYSE:TXU), today announced a tender program for twelve series of outstanding tax-exempt bonds aggregating $682,380,000. The bonds, issued by the Brazos River Authority (Texas) and the Sabine River Authority of Texas, funded a portion of certain pollution control facilities at the Company’s electric generating stations. Separately, the Company will make a tender offer to purchase certain taxable debentures and preferred securities aggregating $800,000,000.
TXU Electric, a wholly owned subsidiary of TXU (NYSE:TXU), today discussed its restructuring and refinancing plan with analysts.
TXU will host an analyst meeting on Tuesday, September 11, 2001 at 7:30 a.m. Central Time (8:30 a.m. Eastern) in which senior management will discuss the restructuring of TXU Electric.
TXU filings, environmental review now online.
TXU Corp. (NYSE: TXU), a global energy company with operations on three continents, reported today that its board of directors declared a regular quarterly dividend of 60 cents per share on the common stock of the Company. The dividend will be paid on October 1, 2001 to shareholders of record as of September 7, 2001.
TXU Corp. (TXU:NYSE) announced today the issuance of $351 million of common stock (7.49 million shares at approximately $46.90 per share) in fulfillment of stock purchase contracts with the holders of its Income (NYSE:TXUprI) and Growth (NYSE:TXUprG) PRIDESsm securities.
TXU (NYSE:TXU), a global energy company with operations on three continents, today announced earnings for the second quarter that put it in good position to achieve earnings expectations of $3.65 to $3.75 per share for 2001 and serve as a strong base for anticipated growth of 9 to 11 percent per year.
TXU will release its second quarter earnings and host a conference call to discuss the results on Thursday, July 26, 2001. TXU will also hold its regular quarterly meeting with analysts on July 30, 2001 in New York City and on July 31, 2001 in San Francisco and Los Angeles.
TXU, a global merchant energy company with operations on three continents, today concluded a two-day conference with financial analysts in Fort Worth.
TXU will host a two-day analyst meeting on Monday, May 21, and Tuesday, May 22, 2001. The meeting will be web cast live on TXU’s web site, www. txu.com from 1 p.m to 5:30 p.m. CDT on Monday and 8 a.m. to noon CDT on Tuesday.
TXU, a global energy services company serving customers in the United States, Europe and Australia held its annual meeting of shareholders today in Dallas.
TXU will web cast its annual shareholders meeting tomorrow, Friday, May 11, at 9:30 am Central Time
TXU will host its quarterly analyst meeting on Tuesday, May 1, 2001.
TXU announces better than expected first quarter earnings.
TXU will release financial results for the first quarter of 2001 on Thursday, April 26.
TXU reported today that its board of directors declared a regular quarterly dividend of 60 cents per share on the common stock of the Company. The dividend will be paid on April 2, 2001 to shareholders of record on March 9, 2001.
TXU, a global merchant energy company with operations on three continents, today announced earnings for the fourth quarter and the year ended December 31, 2000.
TXU will host a conference call on Thursday, February 1, 2001 at 9:00 a.m. Central Time (10:00 a.m. Eastern) in which senior management will discuss fourth quarter earnings.