FERC Gives Its Blessing To TXU Merger

Law360, New York (September 6, 2007, 12:00 AM EDT) -- The Federal Energy Regulatory Commission has approved the $45 billion acquisition of TXU Corp. by a group of private equity firms, leaving only a shareholder vote and one more agency's approval before the deal becomes final.

FERC said Thursday that the merger would not harm competition, rates or regulation, and that it would “not result in cross-subsidization of a non-utility associate company or the pledge of encumbrance of utility assets for the benefit of an associate company.” However, its review of the transaction was limited in...
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