Energy Future Holdings

32°46′59″N 96°47′57″W / 32.783139°N 96.799106°W / 32.783139; -96.799106

Energy Future Holdings Corporation
Company typePrivate
IndustryElectric utility
FoundedDallas, Texas, United States in 1912
HeadquartersEnergy Plaza
Dallas, Texas, United States
ProductsElectricity generation
Electric power distribution
Electricity retailing
OwnerKohlberg Kravis Roberts
TPG Capital
Goldman Sachs Capital Partners
Websiteenergyfutureholdings.com

Energy Future Holdings Corporation is an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company's power generation is through coal and nuclear power plants.[1] From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history.[2] As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy.

As of February 2013, the company has been described as "struggling"[1][3] which resulted in the April 29, 2014 filing for bankruptcy protection[4] under Title 11 of the United States Bankruptcy Code.[5] On July 7, 2017, the company announced its Oncor transmission business would be acquired by Berkshire Hathaway[6] for $9 billion but Sempra Energy's higher $9.45 billion bid was eventually accepted[7] instead on August 21, 2017.

  1. ^ a b Mike Spector; Matt Wirz (9 February 2013), "Texas Power Giant Could Be Split Up", The Wall Street Journal, Ryan Dezember, pp. B1–B2
  2. ^ "Former Qualcomm chairman Jacobs to exit board of directors". Reuters. 2018-03-16. Retrieved 2018-03-18.
  3. ^ Energy Future Holdings Offers Bankruptcy Plan April 15, 2013 New York Times
  4. ^ "Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 29 October 2015.
  5. ^ Fuquay, Jim; Kaskovich, Steve (28 April 2014). "Energy Future Holdings files for Chapter 11 bankruptcy". Fort Worth Star-Telegram. Gary Wortel. Retrieved 29 October 2015.
  6. ^ "Berkshire Hathaway Makes a $9 Billion Bid for Energy Future Holdings". The New York Times. 7 July 2017.
  7. ^ "Sempra Energy Announces Agreement To Acquire Ownership Interest In Oncor". Retrieved 2017-12-10.