TXU is an acronym that stands for Texas Utilities, a former major energy company based in Texas, United States. A dictionary definition of TXU would describe it as a now-retired integrated electric utility company that was primarily involved in the generation, transmission, and distribution of electricity. Founded in 1882, TXU operated as a regulated monopoly and played a significant role in supplying electricity to millions of customers in Texas.
As an energy company, TXU owned and operated a diverse portfolio of power plants, including coal, natural gas, and nuclear facilities. The company also maintained an extensive network of transmission and distribution lines to deliver electricity to residential, commercial, and industrial consumers. TXU's services included billing, customer support, and maintaining the electric grid infrastructure.
Throughout its existence, TXU was known for its size and dominance in the Texas electricity market. However, due to various factors such as increasing competition, changing regulations, and financial challenges, the company underwent significant restructuring. Subsequently, in 2007, TXU was acquired by Kohlberg Kravis Roberts & Co. (KKR) and taken private in what was then considered one of the largest leveraged buyouts in history.
As a result of the acquisition, the TXU name was changed to Energy Future Holdings (EFH). However, in 2014, following EFH's bankruptcy filing, the company announced that it would return to using the TXU brand, albeit as a subsidiary of the newly formed Vistra Energy.
