TXU Energy (Energy Future Holdings)
PE-Owned1 Documented ImpactKKR, TPG, and Goldman Sachs took TXU private in 2007 for $45B — the largest LBO in history at the time. Loaded with massive debt, filed one of the largest bankruptcies in US history in 2014. Texas consumers bore the cost through higher electricity prices.
Ownership Information
TXU Energy (Energy Future Holdings) is owned by KKR (Kohlberg Kravis Roberts). Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
TXU Energy (Energy Future Holdings) founded
Acquired by KKR (Kohlberg Kravis Roberts) for $45 billion
KKR/TPG's $45B TXU buyout — largest LBO in history — ended in massive bankruptcy
KKR, TPG, and Goldman Sachs took TXU private in 2007 for $45 billion, the largest leveraged buyout in history. Loaded with crushing debt, Energy Future Holdings filed one of the largest bankruptcies in US history in 2014. Texas consumers bore higher electricity prices. KKR and TPG lost most of their $8.3B equity investment.
Energy Future Holdings Files for Bankruptcy
Wall Street Journal →Before vs. After PE Acquisition
Debt loaded
Reported 2014
Before PE
Texas's largest electric utility
After PE
$45B debt, bankruptcy
↓ 100%
Community Reviews
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