The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

TXU: Environmentalists at the gates

Lots of people want to claim credit for what happened with TXU – the company itself, the private equity firms that bought it, the banks that advised both of the parties, the NGOs that lobbied intensively against it, and the Texas state regulators that threatened to scupper TXU’s business plan.

The new colour of money
Caring, not sharing
Eco-magine all the people

David Blood, Generation

"It’s a landmark deal that drew a line in the sand. That a bank was prepared to walk away from a deal shows that broader factors can matter in financial markets. And TXU shows that climate change matters to the utility sector. I hope this is not lost in a short-term story about the repricing of risk"
David Blood, Generation



One thing is clear: as a result of the world’s largest ever leveraged buyout, one of the world’s biggest utilities radically changed its business strategy to make it more environment-friendly.



Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree