(Reuters) – The Texas power company taken over in the largest ever leveraged buyout needs what many consider long-shots, higher natural gas and power prices, to help keep the lights on.
Formerly known as TXU Corp when it was taken over in 2007 by private equity, Energy Future Holdings is now struggling under a heavy debt load, and faces strong headwinds in the form of low power prices and higher costs related to environmental regulations.
Full article can be found at Reuters.