Dallas-based Energy Future Holdings, the former TXU Corp., is plagued by enormous debt and low natural gas prices as it struggles to survive.
EFH is the parent company of power generator Luminant, electric transmission and distribution firm Oncor and retail electric provider TXU Energy.
Click here for the Reuters report.
--Jack Z. Smith
Hmmmm.....
The entire evolution of TXU Corp, where all their various pieces had more or less the same name, into EFH, was done within the brave new world of electricity deregulation that the energy companies fought for, tooth and nail. The corporate relationship between the various EFH component companies has been widely known, even as the public's interaction with them has been transformed into an extremely difficult to navigate maze.
EFH will pardon me if I choose not to lose much sleep over their difficulties.
Posted by: Elaine | November 22, 2011 at 06:01 PM
Personally, I can't think of a better ending for "Future Holdings", owner of Oncor and TXU Electric! They have raped the general public and got away with it for far too long!
Posted by: Norman Aper | November 22, 2011 at 09:12 PM