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TXU Releases Statement Regarding Recent Merger

For customers concerned about the recent buyout and how it will effect them, TXU released a statement yesterday outlining how the company's pricing will be changing in the near future:

"As a result of the merger transaction with KKR and TPG, TXU Energy will provide a 10 percent price reduction for residential customers in its traditional service area who have not already selected one of TXU Energy's lower priced offers. Additionally, TXU Energy customers entitled to receive the two remaining customer appreciation bonus payments of $25 per quarter will receive those payments."

"Customers will begin receiving 6 percent of the 10 percent reduction in approximately 30 days with the additional 4 percent reduction at the close of the transaction."

For more information, check out TXU to Set New Direction as Private Company.

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