Energy Future Holdings
32°46′59″N 96°47′57″W / 32.783139°N 96.799106°W
| Industry | Electric utility |
|---|---|
| Founded | Dallas, Texas, United States in 1912 |
| Defunct | 2021 |
| Fate | Bankrupted |
| Headquarters | Energy Plaza Dallas, Texas, U.S. |
| Products | Electricity generation Electric power distribution Electricity retailing |
Energy Future Holdings Corporation was an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company's power generation was through coal and nuclear power plants. From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history. As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy.
As of February 2013, the company has been described as "struggling" which resulted in the April 29, 2014 filing for bankruptcy protection under Title 11 of the United States Bankruptcy Code. On July 7, 2017, the company announced its Oncor transmission business would be acquired by Berkshire Hathaway for $9 billion but Sempra Energy's higher $9.45 billion bid was eventually accepted instead on August 21, 2017.