On the record · Other
TXU Energy (Energy Future Holdings)
KKR, 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.
Also known as TXU Corp
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
1 ownership record has an unresolved current/former status.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Date not recorded
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Parent Energy Future Holdings filed Chapter 11 in April 2014; TXU Energy continued supplying retail electricity customers throughout the case.
The retail business became part of Vistra Energy Corp in 2016 under the TXU Energy brand; the regulated grid unit, Oncor, was sold separately to Sempra.
- Founded
- 1945
- Peak headcount
- 9,100
- Sponsor at closure
- KKR, TPG Capital and Goldman Sachs Capital Partners
- Cause
- Debt left at exit
- The Motley Fool · bankruptcy background and restructuring into Vistra/Oncor
- TXU Energy (company primary) · Texas Utilities Company was formed September 4, 1945, uniting Texas Power & Light, Dallas Power & Light and Texas Electric Service
- Fortune company profile · employee count figure of approximately 9,100 for Energy Future Holdings Corp
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.