Information on TXU
According to TXU Energy, the state of Texas uses more electric power than any other state in the Union. TXU Energy is a subsidiary of Energy Future Holdings Corp., a privately held, Dallas-based company that is responsible for generating and delivering a large part of that electric power. This diversified energy company provides electric service and ancillary products to customers throughout the state.
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History
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TXU traces its history back to the late 1800s when the Dallas Electric Lighting Company and Fort Worth Electric Light and Power Company began providing electric service to north Texas communities. The Texas Power & Light Company, TXU's direct predecessor, consolidated 13 electric companies under the umbrella of the Electric Bond & Share Company. Texas Utilities was formed from these companies in 1945 and for the next fifty years grew into a multi-national energy company. The company formally became known as TXU in 1999. TXU changed its name in 2007 to Energy Future Holdings when it was acquired by a group of private investors led by Kohlberg Kravis Roberts & Co., TPG and Goldman Sachs Capital Partners.
Features
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Energy Future Holdings Corp. is made up of three distinct entities. TXU Energy provides commercial and retail electricity services to customers in Texas. Luminant is involved in the power generation business and maintains operations in mining, wholesale marketing, construction and development. Oncor is involved in the distribution and transmission of electric power in Texas.
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Power Generation
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The Luminant division of Energy Future Holdings Corp. is the largest power provider in the state of Texas. The company maintains facilities across the North Central Texas region. Luminant has the capacity to generate 17,500 megawatts of power in the state of Texas, including power generated from coal, wind and nuclear plants. Luminant is the fifth largest wind purchaser in the United States, and the largest in the state of Texas.
Retail
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TXU Energy is a low cost provider of electric service in the state of Texas. The company lowered retail electric prices by 15 percent for approximately one million customers in 2007. TXU Energy is an advocate of consumer energy conservation and offers customers access to information and products that may help to reduce the amount of electricity used.
Distribution
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Energy Future Holdings Corp. is the majority owner of Oncor, a regulated electric distribution business. With more than 117,000 miles of transmission lines, Oncor operates the largest electric transmission and distribution system in the state. The company delivers electric power to approximately three million residential and business customers in Texas.
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References
Resources
- Photo Credit power lines image by Tonda from Fotolia.com
