(Reuters) - The Texas House and Senate have passed different versions
of a bill that could have forced TXU to sell some business
units or power plants. Executives from KKR were watching the
legislation closely, warning that changes that would force
divestitures or give state regulators expanded authority to
reject the sale, could jeopardize the offer.
A compromise proposal agreed to Wednesday by all 10 members
of a conference committee requires functional separation of
TXU's three business units -- power generation, power delivery
and retail sales -- without requiring any sales, according to
the conference committee report.
Read more at Reuters.com Mergers News
of a bill that could have forced TXU to sell some business
units or power plants. Executives from KKR were watching the
legislation closely, warning that changes that would force
divestitures or give state regulators expanded authority to
reject the sale, could jeopardize the offer.
A compromise proposal agreed to Wednesday by all 10 members
of a conference committee requires functional separation of
TXU's three business units -- power generation, power delivery
and retail sales -- without requiring any sales, according to
the conference committee report.
Read more at Reuters.com Mergers News
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