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TXU Energy supplies power to around 2 million customers in Texas alone, making it one of the major retailers of electricity in the state. Offering a variety of power plans and unique products, consumers are drawn to TXU Energy. Texas customers can benefit from competitive prices and a recognizable name.
The history of TXU Energy is deeply rooted in Texas and begins in northern Texas in 1945. Under the name Texas Utilities Company, it was a publicly-owned holding company that consisted of DP&L, TP&L and TESCO. Although the companies were under the same holding company, they operated separately until they merged into one operating company in 1984 and their name was changed to TU Electric. Between the years of 1995 and 1996, TU acquired an energy company in the United Kingdom and a power generator in Australia.
In 1999, the enterprise took on the new name and brand identity of TXU Energy and was positioned as a multinational energy company. In the years following, TXU Corporation separated the energy delivery and competitive energy businesses, and transitioned into competitive electricity markets on three continents.
A new era emerged in 2007 when private equity firms KKR, TPG Capital and Goldman Sachs purchased TXU Energy. The company was split into three entities, a Retail Electric Provider (REP) maintaining the name TXU Energy, a Transmission Distribution Utility (TDU) with the name Oncor and a wholesale electricity generation provider with the name Luminant. TXU Energy now falls under the umbrella of Energy Future Holdings Corp., with its roots still in Texas.
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In deregulated areas energy rates are highly competitive. Thanks to TXU Energy, Texas customers have one more option when it comes to what they pay for their electricity supply. Texas residents have access to the advantages of TXU Energy that include straightforward pricing and a wide array of plans for your home or business. For those interested in reducing their environmental footprint, TXU Energy delivers options that help support Texas wind farms and products that help you save energy while lowering your monthly energy costs. Friendly customer service that is available 24 hours a day helps support your needs around the clock.
TXU Energy goes beyond providing competitive rates and quality service by committing to community involvement. It helps to maintain the TXU Energy Urban Tree Farm which is the most sizeable urban tree farm in the country. Through the tree farm project, TXU Energy, along with community volunteers, planted around 10 thousand trees that will be donated to non-profit entities across the state. In addition to the tree farm project, TXU Energy is active in helping to support the community through other projects. It offers a low-income assistance program and allows customers to contribute to community efforts by donating funds to customers in need of bill-payment assistance or other non-profit causes such as education and environmental conservation. TXU Energy also emphasizes energy conservation for all of its customers and offers energy efficient tools for your home.
Disclaimer: Information about low-income assistance programs are accurate as of 7/9/2015 and is subject to change.
Find out more about TXU Energy. Texas cities in deregulated areas may benefit!