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Energy & Utilities
Energy companies, utilities, and power providers
1 PE-owned brands|5 locations tracked
What PE Ownership Means for This Industry
$45 billion LBO
The $45B TXU buyout was the largest LBO disaster in history
KKR, TPG, and Goldman Sachs took TXU private for $45 billion — the largest LBO in history. The deal crushed the company under debt and resulted in one of the largest bankruptcies ever. Texas consumers paid higher electricity prices.
Source: Wall Street Journal, 2014
50-200% above utility rates
PE-backed retail energy providers exploit deregulation to gouge consumers
In deregulated energy markets, PE-backed retail providers use bait-and-switch pricing — low teaser rates that balloon to 50-200% above the local utility's default rate, disproportionately targeting low-income and elderly consumers.
Source: State AG investigations, 2023-2024