DALLAS, Nov. 26, 2002 — TXU announced Monday that TXU Energy Co. LLC, a wholly owned subsidiary of TXU Corp., closed on Friday, November 22, 2002, its previously announced issuance of $750 million of exchangeable subordinated notes due 2012.
TXU has not completed its formal planning process and therefore is not providing guidance for 2003 at this time. However, due to the issuance of the exchangeable subordinated notes due 2012 and planned equity issuance, the company is more comfortable with those current analyst fully diluted earnings estimates which are nearer $2.00 per share. TXU is unable to provide guidance for the fourth quarter of 2002 at this time.
TXU provides electric and natural gas services, energy marketing, energy delivery, telecommunications, and other energy-related services. TXU serves more than five million customers and owns and operates more than 20,000 megawatts of competitive generation in North America and Australia. Visit http://www.txu.com for more information about TXU.
Source: TXU Corp.