Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 14, 2016 10:58 AM ET

Electric Utilities

Company Overview of TXU Energy Retail Company LLC

Company Overview

TXU Energy Retail Company LLC provides electricity and related services to residential, commercial, and industrial customers in Texas. The company also provides Brighten iThermostat that enables users to monitor and manage their home's temperature through the Internet; Brighten Power Monitor, which enables users to learn how their home consumes electricity and approximately how much it costs; and Brighten Online Energy Store for energy products. In addition, it offers business services, which include solutions for small, medium, and large businesses; construction services; property management services; and plumbing protection plan that covers repairs or replacement for interior plumbing equi...

1601 Bryan Street

Dallas, TX 75201

United States

Founded in 2007

Phone:

972-791-2888

Fax:

800-232-9488

Key Executives for TXU Energy Retail Company LLC

Chairman and Chief Executive Officer
Age: 47
Senior Vice President of Finance, Operations and IT
Age: 46
Chief Operating Officer
General Counsel and Vice President
Senior Vice President of Residential and Business
Compensation as of Fiscal Year 2015.

TXU Energy Retail Company LLC Key Developments

Sixth Amended Reorganization Plan Approved for Energy Future Holdings Corp.

The US Bankruptcy Court approved the sixth amended plan of reorganization of Energy Future Holdings Corp. on December 7, 2015. The debtor has filed its amended plan in the Court on December 1, 2015. As per the plan filed, Administrative Claims of $2.7 billion, Statutory Fees, Priority Tax Claims, Other Priority Claims, EFIH First Lien DIP Claims of $5.4 billion, Professional Fee Claims, TCEH DIP Claims of $3.38 billion, EFIH First Lien Note Claims of $3.99 billion, EFIH Second Lien Note Claims of $1.71 billion, Other Secured Claims against the TCEH Debtors of $52 million, Legacy General Unsecured Claims Against EFH Corp., EFH Legacy Note Claims of $1.86 billion, EFH Unexchanged Note Claims of $5 million, EFH Swap Claims, EFH Non-Qualified Benefit Claims, General Unsecured Claims against EFH Corp., EFH LBO Note Primary Claims of $60 million, General Unsecured Claims Against the EFH Debtors Other Than EFH Corp., General Unsecured Claims against EFIH Debtors of $1.65 million and Other Secured Claims against EFIH and EFH will be paid in full in cash. TCEH First Lien Secured Claims of $25.91 billion will have a recovery of 59.4%, in the form of cash and equity. TCEH Unsecured Debt Claims will have a recovery of 20.7% in cash. General Unsecured Claims Against the TCEH Debtors other than EFCH and TCEH Unsecured Debt Claims of $17.16 billion will have a recovery of 44.9% and receive equity of 2% each. General Unsecured Claims Against EFCH claims of $10 million and Non-EFH, Non-EFIH and Non-TCEH Debtor Intercompany Claims will be cancelled. TCEH Settlement Claims of $700 million will not receive any distribution. TCEH Debtor Intercompany Claims of $18.54 billion and EFH and EFIH Debtor Intercompany Claims will be reinstated. Interests in EFH Corp., Interests in TCEH and EFCH and Interests in EFIH Finance will be cancelled and will not receive any distribution. Interests in the EFH Debtors Other Than EFH Corp. and Interests in TCEH Debtors Other Than TCEH and EFCH will be reinstated. Interests in EFIH will receive equity. The plan will be funded by cash in hand, asset sale, preferred stock, rights, common stock, New Reorganized TCEH Term Loan Exit Facility, New Reorganized TCEH Revolving Exit Facility, New Reorganized TCEH Unsecured Notes, New Reorganized EFIH Permanent Financing Facility and New Reorganized EFIH Interim Financing Facility.

Sixth Amended Reorganization Plan Filed by Energy Future Holdings Corp.

Energy Future Holdings Corp. filed sixth amended plan of reorganization in the US Bankruptcy Court on December 1, 2015. As per the plan filed, there are no changes in the treatment of claims. Energy Future Holdings Corp. filed a modified sixth amended plan of reorganization in the US Bankruptcy Court on December 6, 2015. As per the plan filed, there are no changes in the treatment of claims.

TXU Energy Introduces TXU Solar from SunPower

TXU Energy introduced TXU Solar from SunPower, providing the high efficiency solar panels available in the market. SunPower® solar panels have a 25-year combined power and product warranty and during that time, produce 70% more energy than conventional panels in the same space. With an expected lifespan of more than 40 years, SunPower panels enable residential consumers to produce more of their own electricity than other rooftop systems with conventional panels. TXU Solar from SunPower comes with a simple online and mobile monitoring system so homeowners can track their electricity production.

Similar Private Companies By Industry

Company Name Region
Public Service Electric and Gas Company United States
Craig Station United States
Tri-County Electric Cooperative United States
Avista Utilities Inc. United States
Massac Enterprises LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact TXU Energy Retail Company LLC, please visit www.txu.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.