Category Archives: Uncategorized

TXU Responds to “Plant Shut Down” Article

DALLAS, TX -

In response to today’s Dallas Morning News headline regarding TXU gas-fueled power plants, Mike McCall, CEO of TXU Wholesale, issued the following statement:

"TXU cannot unilaterally shut down power plants. Furthermore, the company doesn’t want to shut down plants — that would be the wrong outcome for Texas where generation capacity is needed to serve the state’s reliability needs. TXU made it clear to the PUC that it does not believe any of these plants should be shut down.

The plain intent of TXU’s letter to the PUC was to initiate a process to obtain approval of a voluntary mitigation plan for these plants for the future.

No generation operator, including TXU, has the authority to unilaterally retire a plant. TXU operates under the rules of the Electric Reliability Council of Texas (ERCOT) which has an established process to determine whether or not plants can be retired without jeopardizing the reliability of the Texas power grid. If TXU determined it could no longer justify operation of the plant at a loss, it would notify and provide ERCOT with the opportunity to declare that the plant is a “Reliability Must Run” plant. If needed for reliability, that plant would then be placed under a contract with ERCOT to ensure the plant continues to be available to serve the reliability needs of Texas.

It’s unfortunate that some may misinterpret today’s Dallas Morning News story on TXU Wholesale’s recent letter to the PUC of Texas."

TXU Reports Fourth Quarter and Full Year Results

DALLAS, TX -

TXU Corp. (NYSE: TXU) today reported consolidated results for the fourth quarter and full year ended December 31, 2006.

  • TXU reported net income available to common shareholders of $475 million, $1.03 per share, in the fourth quarter 2006 compared to $356 million, $0.74 per share, in the fourth quarter 2005.
  • Operational earnings, which exclude special items and income or losses not related to continuing operations were $556 million, $1.20 per share, in the fourth quarter 2006 compared to $427 million, $0.88 per share, in the fourth quarter 2005.
  • For the full year 2006, TXU reported net income available to common shareholders of $2,552 million, $5.46 per share, compared to $1,712 million, $2.50 per share, for full year 2005.
  • Full year 2006 operational earnings were $2,592 million, $5.55 per share, compared to $1,628 million, $3.35 per share, for full year 2005.
  • Operational highlights are provided in Table 1 beginning on page 2.

Click here for the complete news release.
Media
Lisa Singleton
214-812-5049

Investor Relations
Tim Hogan
214-812-4641

Bill Huber
214-812-2480

Steve Oakley
214-812-2220