Environmental Defense and TXU: A Win-Win Situation?
Image source: ENS
The campaign against 11 proposed dirty coal-fired power plants in Texas ended with the announcement of the buyout of utility giant TXU and a deal with environmental groups.Two private equity firms, Kohlberg Kravis Roberts & Company and Texas Pacific Group, will purchase TXU for $32 billion. Part of the deal included scrapping the plans for 8 plants, and increased efforts toward emission reductions.
TXU's stock had been dropping steadily since the grassroots
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