TXU investigated

By: KXII Staff Email
By: KXII Staff Email

03-12-07 A recently released report by state regulators could complicate another of KKR's deals, the 32 Billion dollar acquisition of TXU.

The report says TXU manipulated the Texas electric market in 2005, inflating electricity prices, and boosting company profits by 20 Million dollars at customer expense.

A TXU spokeswoman says it followed Public Utility Commission rules.
The PUC will decide the penalty.

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