TXU Energy Cuts Residential Retail Electricity Prices
28 Março 2007 - 2:42PM
PR Newswire (US)
Six Percent Price Reduction Effective Today DALLAS, March 28
/PRNewswire-FirstCall/ -- Beginning today, approximately 1.3
million TXU Energy customers in the company's traditional service
territory will receive a 6 percent price reduction that will be
reflected in their next monthly bill. Residential customers using
an average of 1,500 kilowatt-hours of electricity a month will save
an average of approximately $150 annually on their electric bills.
The price reduction affects existing customers on the company's
most popular month-to-month pricing plans, making those plans lower
than all other incumbents' Price-to-Beat rollover prices. This
price reduction comes as part of a merger agreement announced last
month under which an investor group led by Kohlberg Kravis Roberts
& Company (KKR) and Texas Pacific Group will acquire TXU Corp.
(NYSE:TXU). In addition, these customers will receive: * An
additional 4 percent price reduction contingent on closing of the
purchase of TXU by KKR and Texas Pacific Group; * Price protection
through September 2008 - protection against price increases due to
changing energy market conditions; and * Two remaining customer
appreciation bonus payments of $25 each in 2007. "We are providing
our customers with lower prices, price protection unmatched by any
competitor and appreciation bonus payments," said Jim Burke, chief
executive officer, TXU Energy. "We are also continuing to focus on
customer service and developing new products and services as we
compete aggressively to retain and win new customers in the
competitive Texas electricity market." TXU Energy's new price,
after the 6 percent discount, is now lower than any other
incumbent's Price-to-Beat rollover price and 15 percent lower than
the largest competitor's rollover price, as shown below: Incumbent
Price Plan Average Annual Price based Provider on Average Monthly
Usage of 1500 kWh TXU Energy Today's new price 13.8 cents/kWh (6%
reduction) for TXU Energy FlexProtect(SM) and TXU Energy Freedom
Plan(SM) TXU Energy Proposed price (10% reduction) 13.2 cents/kWh
upon closing of transaction Reliant Energy Residential Service Plan
16.2 cents/kWh WTU Retail Energy Direct Electricity Plan 15.2
cents/kWh CPL Retail Energy Direct Electricity Plan 15.0 cents/kWh
First Choice Power Simply Better Value Plan 14.3 cents/kWh For more
information on TXU Energy, visit http://www.txu.com/ . About TXU
TXU Corp., a Dallas-based energy company, manages a portfolio of
competitive and regulated energy businesses primarily in Texas. In
the competitive TXU Energy Holdings segment (electricity
generation, wholesale marketing and retailing), TXU Energy provides
electricity and related services to more than 2.1 million
competitive electricity customers in Texas. TXU Power has over
18,100 MW of generation in Texas, including 2,300 MW of nuclear and
5,800 MW of coal-fueled generation capacity. TXU Wholesale
optimizes the purchases and sales of energy for TXU Energy and TXU
Power and provides related services to other market participants.
TXU Wholesale is the largest purchaser of wind-generated
electricity in Texas and fifth largest in the United States. Visit
http://www.txucorp.com/ for more information about TXU Corp.
DATASOURCE: TXU Corp. CONTACT: Sophia Stoller, Corporate
Communications of TXU Corp., +1-214-875-8336 Web site:
http://www.txu.com/ http://www.txucorp.com/
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