TXU Txu Corp

Milestone in Expansion of Wind Power in Texas DALLAS, March 30 /PRNewswire/ -- TXU Wholesale, a subsidiary of TXU Corp. (NYSE:TXU), and Airtricity, a world-leading renewable energy company based in Dublin, Ireland, today announced that Airtricity has completed construction of the Forest Creek Wind Farm, increasing TXU Wholesale's renewable energy capacity by 125 MW. The wind farm is expected to provide power for more than 24,000 homes -- enough to meet the annual energy needs of about 56,000 Texans. It is located approximately 25 miles southeast of Big Spring, Texas. "The Forest Creek Wind Farm is yet another tangible demonstration of TXU's commitment to clean energy technologies," said Mike McCall, Chairman and CEO of TXU Wholesale. "In our recent press release announcing execution of a definitive merger agreement with an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group, we announced that we plan to double our wind power purchases to 1,500 MW and increase investment in alternative energy, maintaining our status as the largest buyer of wind power in Texas. The Forest Creek project further diversifies Texas' energy supply, which will enhance affordability and price stability." TXU Wholesale and its affiliates currently have contracts for 705 MW of renewable energy from 756 wind turbines. "Airtricity is pleased to be a part of bringing new green power sources to Texas customers and we applaud TXU's efforts to increase its green purchasing," said Airtricity CEO Eddie O'Connor. "Bringing our first North American project online is a major milestone for Airtricity, and is part of major expansion plans for Airtricity in the U.S. and Texas." The wind farm generates electricity from 54 2.3-MW Siemens wind turbines. Airtricity owns and operates the facility. 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. This release contains forward-looking statements, which are subject to various risks and uncertainties. Discussion of risks and uncertainties that could cause actual results to differ materially from management's current projections, forecasts, estimates and expectations is contained in TXU Corp.'s filings with the Securities and Exchange Commission (SEC). Specifically, TXU Corp. makes reference to the section entitled "Risk Factors" in its annual and quarterly reports. In addition to the risks and uncertainties set forth in TXU Corp.'s SEC filings, the forward-looking statements in this release could be affected by, among other things: changes in electric generation and the commercial and technological viability of the technologies and processes described in this release. DATASOURCE: TXU Corp. CONTACT: Corporate Communications, Kimberly Morgan, +1-214-875-8016, or Investor Relations, Tim Hogan, +1-214-812-4641, or Bill Huber, +1-214-812- 2480, or Steve Oakley, +1-214-812-2220, all of TXU Corp. Web site: http://www.txu.com/

Copyright