In Big Buyout, Utility to Limit New Coal Plants - New York Times

In Big Buyout, Utility to Limit New Coal Plants - New York Times Under a proposed $45 billion buyout by a team of private equity firms, the TXU Corporation, a Texas utility that has long been the bane of environmental groups, will abandon plans to build 8 of 11 coal plants and commit to a broad menu of environmental measures, according to people involved in the negotiations. Read more.