DALLAS, Feb. 3 /PRNewswire-FirstCall/ -- TXU Corp. and its remarketing agent, Lehman Brothers Inc., announced today that the remarketing of TXU Corp.'s 5.8% Series M Senior Notes due May 16, 2008 (CUSIP No. 873168868) will be rescheduled to May 11, 2006. The Senior Notes originally were scheduled to be remarketed by February 13, 2006.
TXU Corp. issued $440 million aggregate principal amount of the Series M Senior Notes when it issued 8.8 million Income PRIDES (CUSIP No. 873168884) in June 2002. Each Income PRIDES currently consists of $50 principal amount of the Series M Notes and a forward contract to purchase TXU Corp. common stock on May 16, 2006. There is currently approximately $180 million aggregate principal amount of the Series M Notes outstanding.
TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses primarily in Texas. In the competitive TXU Energy Holdings segment (comprised of electricity generation, wholesale marketing and retailing), TXU Energy provides electricity and related services to 2.3 million competitive electricity customers in Texas, more customers than any other retail electric provider in the state. TXU Power has over 18,300 megawatts of generation in Texas, including 2,300 MW of nuclear and 5,837 MW of lignite/coal-fired generation capacity. The company is also one of the largest purchasers of wind-generated electricity in Texas and North America. TXU Wholesale optimizes the purchases and sales of energy for TXU Energy and TXU Power and provides related services to other market participants. TXU Corp.'s regulated segment, TXU Electric Delivery, is an electric distribution and transmission business that complements the competitive operations, using superior asset management skills to provide reliable electricity delivery to consumers. TXU Electric Delivery operates the largest distribution and transmission system in Texas, providing power to three million electric delivery points over more than 100,000 miles of distribution and 14,000 miles of transmission lines. Visit http://www.txucorp.com/ for more information about TXU Corp.
© 2006 PR Newswire
