Dallas, TX, Mar. 28, 2007 — 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.
In addition, TXU 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.
The price reduction comes as part of a merger agreement under which an investor group led by Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group will acquire TXU Corp.
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