BNET Industries
TXU Energy Co. LLC is in the Energy Industry
Latest News and Analysis
Fitch Rates TXU Subsidiaries' New $1B Notes; Remain on Negative Watch
NEW YORK -- Fitch rates the TXU Energy Co's (Energy; Issuer Default Rating [IDR] 'BBB-' by Fitch) $1 billion floating-rate notes due 2008 'BBB-' and TXU Electric Delivery Co's (Delivery; IDR 'BBB-' by Fitch) $800 million notes due 2008 'BBB' collectively the notes. The notes issues are...
Fitch Expects TXU and Subsidiaries To Be Downgraded to 'B' After LBO
NEW YORK -- Today, TXU Corp (TXU, IDR 'BB+') disclosed in its 2006 10-K filing that the acquirers have obtained commitments from financial institutions for $24.6 billion of debt financing to fund the leveraged buy-out LBO transaction and that a substantial amount of this debt would be...
Correction - Fitch Downgrades TXU and Affiliates & Places All Ratings on Rating Watch Negative
NEW YORK -- (This is a correction for the earlier release. The fifth paragraph has been edited.) Fitch has downgraded the ratings of TXU Corp (TXU; Issuer Default Rating IDR 'BBB-') and its subsidiaries and simultaneously places all entities on Rating Watch Negative following today's...
Fitch Downgrades TXU and Affiliates & Places All Ratings on Rating Watch Negative
NEW YORK -- Fitch has downgraded the ratings of TXU Corp (TXU; Issuer Default Rating IDR 'BBB-') and its subsidiaries and simultaneously places all entities on Rating Watch Negative following today's announcement that a Kohlberg, Kravis and Roberts KKR and Texas Pacific Group-led consortium have signed an...
Fitch Affirms TXU Corp. at 'BBB-'; Outlook to Stable
NEW YORK -- Fitch Ratings affirms the ratings of TXU Corp TXU, TXU US Holdings Co. Holdings, and TXU Energy Co., LLC Energy and revises the Rating Outlook for each of these companies to Stable from Negative. The outstanding ratings of TXU Electric Delivery Co. Delivery are affirmed and its...
Fitch Affirms TXU Corp. at 'BBB-'; Outlook Revised to Negative
NEW YORK -- Fitch Ratings affirms the ratings of TXU Corp TXU, TXU US Holdings Co. Holdings and TXU Energy Co., LLC Energy and changes the Rating Outlook for each of these companies to Negative from Stable. The outstanding ratings of TXU Electric Delivery Co. Delivery are affirmed and its...
TXU Energy, Credit Suisse First Boston to halt venture.
Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Oct. 1--TXU Energy Co. and Credit Suisse First Boston have agreed to abandon their proposed energy marketing and trading venture. The planned joint operation was announced in May as a way for...
Fitch Assigns 'BBB' Rating to TXU Energy Company
NEW YORK -- Fitch Ratings assigns a 'BBB' rating to TXU Energy Company LLC's TXU Energy $800 million in floating-rate notes due January 2006. The Rating Outlook for TXU Energy is Stable. The credit quality of TXU Energy Co. LLC Energy takes into consideration its strong balance sheet...
Fitch Places TXU Gas on Rating Watch Evolving; Affirms TXU & Subsidiaries
Business Editors NEW YORK--BUSINESS WIRE--April 26, 2004 Fitch Ratings has placed the 'BBB-' senior unsecured debt rating of TXU Gas Co. on Rating Watch Evolving and affirmed the senior unsecured ratings of TXU Corp. at 'BBB-' and of TXU Energy Co. LLC at 'BBB'. The Rating...
Fitch Rates CenterPoint Houston Electric's $762M GMBs 'BBB'
Business Editors NEW YORK--BUSINESS WIRE--March 14, 2003 CenterPoint Energy Houston Electric, LLC's CNP Electric $450 million 5.70% general mortgage bonds GMBs, due March 15, 2013 and $313.3 million 6.95% general mortgage bonds, due March 15, 2033, are rated 'BBB' by Fitch Ratings. The...
S&P Global Credit Markets Digest — European Update
Business Editors NEW YORK--BUSINESS WIRE--March 4, 2003 EUROPEAN UPDATE: Here is the current lineup of top articles and research from Standard & Poor's: COMING UP -- Ten Candidates Making Progress Toward EU Accession-- No Clear War-Related Credit Implications for...
S&P Global Credit Markets Digest-Asia-Pacific Update
Business Editors NEW YORK--BUSINESS WIRE--March 4, 2003 ASIA-PACIFIC UPDATE: Here is the current lineup of top articles and research from Standard & Poor's: COMING UP -- Ten Candidates Making Progress Toward EU Accession-- No Clear War-Related Credit Implications for...
S&P Global Credit Markets Digest
Business Editors NEW YORK--BUSINESS WIRE--March 3, 2003 Here is the current lineup of top articles and research from Standard & Poor's: COMING UP -- Ten Candidates Making Progress Toward EU Accession-- No Clear War-Related Credit Implications for U.S. Defense Industry-- The...
S&P Global Credit Markets Digest — Asia-Pacific Update
Business Editors NEW YORK--BUSINESS WIRE--March 3, 2003 Standard & Poor's--Here is the current lineup of top articles and research from Standard & Poor's: COMING UP -- Adjusting Financials for Postretirement Liabilities-- Pitfalls of U.S. Accounting and Disclosure-- Ten Candidates Making Progress...
Berkshire Hathaway Buys $250 Million of TXU Corp. Debt.
By Sudeep Reddy, The Dallas Morning News Knight Ridder/Tribune Business News Dec. 20--Berkshire Hathaway Inc., the holding company led by billionaire investor Warren Buffett, bought $250 million of previously issued TXU Corp. debt Thursday that could give it a 5 percent...
Fitch Ratings Downgrades TXU Corp & Subsidiaries; Rating Outlook Changed To Stable
Business Editors NEW YORK--BUSINESS WIRE--Dec. 12, 2002 Fitch Ratings downgrades TXU Corp.'s TXU senior notes to 'BBB-', preference stock 'BB+', and commercial paper to 'F3' from 'BBB', 'BBB-', and 'F2', respectively. Also downgraded were the outstanding ratings on TXU US Holdings US Holdings,...
Fitch Rates CenterPoint Houston Electric $1.3B Term Loan 'BBB'
Business Editors NEW YORK--BUSINESS WIRE--Nov. 8, 2002 CenterPoint Energy Houston Electric, LLC's CNP Electric $1.3 billion senior secured term loan due November 2005 is rated 'BBB' by Fitch Ratings. In addition, CNP Electric's outstanding 'BBB+' rated first mortgage bonds FMBs are affirmed by...
Fitch Ratings Affirms TXU Corp & Texas Subsidiaries
Business Editors NEW YORK--BUSINESS WIRE--Oct. 10, 2002 Fitch Ratings affirms the 'BBB' rating on TXU Corp.'s TXU senior notes, the 'BBB-' rating on the preference stock and the 'F2' commercial paper rating. In addition, Fitch affirms the outstanding ratings and Stable Rating Outlook...
TXU Energy Is Alone in Rate Increase.
By Sudeep Reddy, The Dallas Morning News Knight Ridder/Tribune Business News Aug. 30--In boosting North Texas customers' electric bills by about 5 percent, TXU Energy Co.'s recent rate increase will widen the cost difference between older utilities and newer competitors to...
TXU Energy's $2.4B CP & Oncor's $1B CP Rated 'F2' By Fitch Ratings
Business Editors NEW YORK--BUSINESS WIRE--May 10, 2002 Fitch Ratings assigns 'F2' ratings to the commercial paper programs of TXU Energy Co. LLC (TXU Energy, senior unsecured rating of 'BBB+' by Fitch) and Oncor Electric Delivery Co. (Oncor, senior secured rating of 'A-'). The...
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- Incorporated: 5
- CEO: M. S. Greene
TXU Energy Company is a holding company whose subsidiaries are engaged in market activities consisting of electricity generation, retail electricity sales to residential and business customers, wholesale energy sales and purchases as well as commodity risk management and trading activities, mainly in Texas. As of Dec 31 2006, Co. owned or leased 17,605 megawatts (MW) of generation for its own use in Texas, including 2,300 MW of nuclear-fired capacity, 5,837 MW of lignite/coal-fueled capacity and 9,468 MW of natural gas-fueled capacity. As of Dec 31 2006, Co. provided electricity to over 2.1 million electricity customers in Texas. Co. is a wholly-owned subsidiary of TXU US Holdings Company.
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TXU Energy Co. LLC Company Info
Board of Directors
M. S. Greene
Chairman
Mr. William Young
Mr. Eric H. Peterson
Mr. C. John Wilder
Mr. Kirk R. Oliver
Mr. David A. Campbell
Contact Information
1601 Bryan Street
Dallas, TX
214 812-4600
NAICS Code
Electric Bulk Power Transmission and Control: 221121
