Friday, April 13, 2007

UPDATE 1-Texas bill avoids more review of TXU sale

(Reuters) - Dallas-based TXU, the state's largest power company, agreed in late February to be purchased for $32 billion by a group of private equity firms led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group .

The size of the transaction and soaring power prices in the state's five-year-old deregulated market have raised concern among elected officials in Austin, the state capital, and Washington.


Read more at Reuters.com Government Filings News

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