- Politics and Social Issues
Global Warming 5--TXU RUSHES TO BUILD 11 DIRTY COAL-FIRED ELECTRIC POWER PLANTS, IGNORING GLOBAL WARMING CONCERNS
KKR's Henry Kravis May Save the Day Feb 28,2007
Leverage buyout artist Henry Kravis of KKR has apparently put together a deal to buy TXU. The deal was tentatively consummated after intense negotiations with environmentalists resulted in a commitment to cancel eight of the dirty coal-electric plants and allocate funds to other environmental efforts suggested by environmental groups. Kravis made the environmental commitments in return for support from the environmental groups for the regulatory approvals required to effectuate the buyout. Here are some links on the deal.