We need to know when this man left Exelon for TXU/EFH! The story there is that TXU had a large chunk of the Texas power grid. Their stock killed it from 2004-2008 because of the increase in natural gas prices. TXU had a few old coal plants, one nuclear plant, and about half natural gas. They suffered a buyout by KKR, who had long wanted to own a power company, with Goldman Sachs and other venture capitalists providing "leverage" in the largest corporate buyout of American history! The newly formed company was called Energy Future Holdings. It did not do well. Natural gas went down with increased fracking. Coal became unpopular for polluting. EFH eventually went bankrupt in 2014, reforming again into a company called EFH and some other companies. Don't give the American public spin.
We need to know when this man left Exelon for TXU/EFH! The story there is that TXU had a large chunk of the Texas power grid. Their stock killed it from 2004-2008 because of the increase in natural gas prices. TXU had a few old coal plants, one nuclear plant, and about half natural gas. They suffered a buyout by KKR, who had long wanted to own a power company, with Goldman Sachs and other venture capitalists providing "leverage" in the largest corporate buyout of American history! The newly formed company was called Energy Future Holdings. It did not do well. Natural gas went down with increased fracking. Coal became unpopular for polluting. EFH eventually went bankrupt in 2014, reforming again into a company called EFH and some other companies. Don't give the American public spin.