It was a much different financial environment 5 years ago when a group of investors that included Goldman Sachs pulled of the largest leveraged buyout ever. It totaled over $45 billion in debt financing used to purchase TXU, then the states largest power generator.
It’s no wonder that TXU rates are among the highest in the Texas electricity marketplace.
http://www.businessweek.com/ap/2012-05/D9V1GL1O1.htm
