Press release

Environmentalists Anticipate New Era With Final TXU Signing

 

FOR IMMEDIATE RELEASE

Contact:

Jennifer Dickson, Environmental Defense, (512) 691-3442, (512) 415-8905 jdickson@ed.org

Chris Smith, Environmental Defense, (512) 691-3451 csmith@ed.org

 

(September 7, 2007 – Austin) TXU shareholder’s approved the long awaited buyout deal proposed last spring by the Texas Pacific Group (TPG) and Kohlberg Kravis and Roberts (KKR). 

The following statement can be attributed to Jim Marston, regional director of Environmental Defense’s Texas office :
“Today is monumental in the fight against global warming. Last spring TPG and KKR made a commitment to pull down more than a dozen dirty coal plants planned for Texas, Pennsylvania, Georgia and Virginia. This buyout approval ensures that Texan’s will breathe easier in the years to come.  We eagerly support the new owners and their willingness to work with Environmental Defense and the environmental community. I am eager to participate in the Sustainable Energy Advisory Committee that will guide the new company in making sound environmental decisions in the future. It’s a good deal for Texas, and even better deal for the nation, and a big step in our efforts to reduce global warming emissions. ”

 

With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org