T-X-U has agreed to be sold to a group of private-equity firms for about 45 billion dollars -- including debt.
The sale of Dallas-based T-X-U would be the largest private
buyout in U-S corporate history -- if shareholders go along.
Kohlberg Kravis Roberts and Company and Texas Pacific Group lead
a group that includes Goldman Sachs and three other Wall Street firms.
Under the deal, two private-equity firms buying the utility would abandon plans to build eight new coal-fired power plants, including one that could be built in Robertson County.