Txu.com
TXU Energy
Formerly known as TU Electric, TXU is an energy company headquartered in Energy Plaza in Dallas, Texas. The company was founded in 1882 as a power provider for the city of Dallas. Today, the company has emerged as the largest electric company in Texas in terms of load and number of customers. The company is also the oldest and the most reputed electricity provider in the region with a control over 19 GW of electric generation capacity from its interests in nuclear and fossil-fueled power plants in the state. The company serves more than 2.2 million customers in the Texas region. The company also has its operations in regulated power transmission and distribution through Oncor Electric Delivery. The other operations of the company also extend into wholesale energy marketing and coal mining, as well as commodity risk management and trading activities. The subsidiaries of TXU Energy Holdings are TXU Generation Company LP, TXU Energy Retail Company LP, TXU Portfolio Management Company LP and two lignite-mining units.
History
The company was called Dallas Power & Light in 1917. After the merger with Texas Power and Light and Texas Electric Service Company, and two other utilities serving the Dallas/Fort Worth Metroplex, the company became TU Electric in 1984. After this in 1998, the company went in for acquiring The Energy Group plc in the United Kingdom and a power generator in Australia. Therein, the company came to be called as TXU.
In 1996, TU Electric’s merger with the parent company of Lone Star Gas made it the largest provider of electricity and natural gas in the state of Texas. Later in 2005, the company sold its natural gas properties to Atmos Energy, another Dallas-based firm. In 2002 Texas deregulated TXU's monopoly on electricity and following that, TXU came into competition with other energy companies like Reliant Energy, Direct Energy, Stream Energy, Gexa Energy, Green Mountain Energy, Cirro Energy, and StarTex Power.
Due to the collapse of its UK holdings in 2002, TXU divested itself of its European holdings in late 2002 and Australian holdings in 2004. Eventually, the company also sold its natural gas properties to Atmos Energy.
In 2004 TXU and Capgemini entered into Capgemini Energy Limited Partnership, a new company to provide business process services and information technology solutions to TXU. The company owns the Comanche Peak nuclear power plant. In 2007, private equity firms KKR, Texas Pacific Group and Goldman Sachs purchased TXU by way of leveraged buyout for $45 billions.
Company Profile
In Texas, TXU manages a range of competitive and regulated energy businesses. TXU Energy is the company’s competitive retail electric provider. The segment provides electricity and a range of other related services to more than 2.1 million competitive electricity customers in Texas. TXU Power is the largest manufacturer of electricity in with a production capacity of over 18,100 MW in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity. TXU Wholesale governs the purchasing and marketing of energy for TXU Energy and TXU Power besides offering related services to other market participants. This segment is the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. Besides these segments, Oncor Electric Delivery provides power to over 2.9 million electric delivery points. The segment makes use of superior asset management skills to deliver reliable electricity to consumers. This segments owns and operates the largest distribution and transmission system in Texas. The services of the company benefit three million electric delivery points carrying power over 100,000 miles of distribution and 14,000 miles of transmission lines.
The stocks of the company are listed in the New York stock exchange with the ticker symbol TXU. Serving Residential, Commercial, Industrial customer base, the products of the company range into Price to Beat, Fixed, MCPE, Heat Rate, and Custom. The annual sales of the company are over $10,856.0 millions with a net income of $2,552.0 millions. The company has employed over 7,500 employees under its various operations.
Official Website
The official website of the company is TXU.com. Apart from providing complete information about its products and services, the site also provides online facilities for bill check and bill payments. For more information about the business profile and market research topics about the company, the sites listed under references and additional readings can be consulted.
Languages
English
Address
- 1601 Bryan St
- Dallas TX 75201 US
Contact
- TXU Corp
-
- +1 214 812 4600
Additional Information
Related Domains
External Links
References
- 1) TXU.com
- 2) Wikipedia
- 3) Eisenbach Consulting
- 4) TUXcorp.com
- 5) Reuters
