Energy Future Holdings
Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy subsidiaries. TXU Energy, Luminant and Oncor, EFH's primary businesses, serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets.
EFH represents the transformation of TXU Corp. into a private company. A group of investors led by Kohlberg Kravis Roberts & Co., TPG and Goldman Sachs Capital Partners completed the acquisition of TXU on October 10, 2007. The deal was one of the largest buyouts ever at $45 billion.
TXU Energy is a utility that provides electricity and related services to more than 1.7 million customers in Texas.
EFH owns 80% of Oncor, which operates the largest electricity distribution and transmission system in Texas with more than 3.2 million delivery points and 119,000 miles of distribution and transmission lines.
Luminant is a competitive power generation business with plant and mine operations, wholesale marketing and trading, and construction and development of new power plants. It has over 15,400 megawatts of generation in Texas, including 2,300 megawatts of nuclear and 8,000 megawatts of coal generation.
For 2012, the company reported a net loss of $3.36 billion on $5.63 billion in revenues. Much of the loss was due to accounting writedowns and natural gas hedging.
TXU orginated all the way back in 1882 and that company became Dallas Power & Light in 1917, and then joined with two other utilities in 1945 under the Texas Utilities holding company. The three merged in 1984 to become TU Electric. The TXU name was adopted in 1999 as the company expanded operations and quickly grew to become one of North America's leading energy services companies and energy retailers.
- Comprehensive Medical Coverage which
includes prescription drug coverage.
Updated December 10, 2013