Thursday, March 29, 2007

Texas PUC proposes 6-month review of TXU buyout

(Reuters) - Texas' largest power company last month agreed to be bought by a group of private equity firms led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group in the largest leverage buyout ever.

Publishing the proposed rules will start a period for comments and a possible public hearing. If enacted, the rule could take effect sometime in May, said a PUC spokesman.


Read more at Reuters.com Business News

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