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Sylvester Turner of Houston, who added that Texas legislators should stop the deal. N , TXU said. The deal marks a return to Texas for the buyout firms after unsuccessful efforts to buy utilities, attractive because of their steady cash flow, in other states. TXU said last year it considered an asset swap with rival Exelon Corp. Regulators in Maryland and New Jersey sidelined two large power sector deals last year. But there are some signs the deal may end up meeting some resistance with Texas politicians, who have been fighting TXU over its rates and coal plant plans.

TXU said last year it considered an asset swap with rival Exelon Corp. Those bullish fundamentals have also boosted the value of power plants, many of which were nearly worthless in the severe market downturn of when dozens of new plants came on line. Shares of energy-services company McDermott International Inc. N , and Morgan Stanley MS. N and also weighed splitting up its regulated electric delivery business and its unregulated power business. But there are some signs the deal may end up meeting some resistance with Texas politicians, who have been fighting TXU over its rates and coal plant plans.

TXU said members of management, including Chairman and Chief Executive John Wilder, have made no commitments to stay with the company should the planned takeover go through. TXU has been battling environmentalists and others who have been trying to prevent the company from more than doubling its fleet of coal-fired power plants in Texas.

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One TXU shareholder said the bidders had clearly worked hard to structure the deal to overcome any regulatory sttudy or shareholder objections, xtu would help scare off rival suitors from trying to bid for TXU.

Private equity buys TXU in record deal – Reuters

But there are some signs the deal may end up meeting some resistance with Texas politicians, who have been fighting TXU over its rates and coal plant plans. Shares of energy-services company McDermott International Inc. Although the plans won praise from some environmental groups, other environmental advocates said the moves failed to prove that TXU had turned over a new, greener leaf.

While kir company said the deal does not require state regulatory approval, one investor said the state agency would be closely watching the deal.

The deal marks a return to Texas for the buyout firms after unsuccessful efforts to buy utilities, attractive because of their steady cash flow, in other states.

The deal, which faces a 6 to 9 month approval process with the Nuclear Regulatory Commission, is expected to close in the second half of N and also weighed splitting up its regulated electric delivery business and its unregulated power business.

NTXU said. Power generators are drawing renewed takeover interest as electricity demand in many parts of the country is expected to outstrip xase capacity in the ikr years, pushing power prices higher.

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Sylvester Turner of Houston, who added that Texas legislators should stop the deal.

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That would leave management open in case a superior offer emerged, Hxu said during a conference call with analysts and reporters. The buyout firms are paying 8.

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Answers On Innovation Thomson Reuters. If you are really serious about climate change, you would not consider building new coal plants.

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kkrr TXU said last year it considered an asset swap with rival Exelon Corp. Regulators in Maryland and New Jersey sidelined two large power sector deals last year.

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The Thomson Reuters Trust Principles. Nand Morgan Stanley MS. TXU said the plan to scale back coal-plant expansion would prevent 56 million tons of annual carbon emissions. Those bullish fundamentals have also boosted the value of power plants, many of which were nearly worthless in the etudy market downturn of when dozens of new plants came on line.

N had offered for Cinergy Corp. TXU may solicit proposals from other parties through April