TXU DEAL: NEW ENERGY IMPLICATIONS

This deal can make or break the fate of the earth:

TXU Deal Will Ripple Through Energy Industry
February 27, 2007 (GreenBiz.com)
- The private-equity buyout of TXU, and the subsequent stop to construction plans for eight new coal-fired power plants, will have a major effect on other energy companies and their financers that plans to build new coal-fired power plants in the U.S.

- … the decision by the Wall Street investment firms behind the TXU buyout means that the financial/environmental risk warning light is now flashing at…firms with plans to build multiple coal-fired power plants…
- NET Coal Campaign Director Peter Altman said, "The climate dodged a bullet with the cancellation of these TXU plants. An inconvenient truth remains however. There are still more than 100 other coal-fired power plants on the drawing boards nationwide and the financial climate has changed. The TXU deal shatters the aura of invincibility many coal plant developers have assumed, by showing that the growing extent and diversity of opposition can stop plants that will make global warming worse."
- Wall Street and Capitol Hill policymakers are already looking at whether building plants whose carbon cannot be easily controlled is in our national interest. Senate Energy Committee Chair Jeff Bingaman (D-N.M.) has been raising the issue in public statements, including an op-ed co-written with Environment and Public Works Chair Senator Barbara Boxer (D-Calif.)…
- Dynegy and LS Power together have an expansion plan on a similar scale to TXU. Assuming the planned merger occurs, Dynegy will build 9,465 MW of new coal fired capacity in 11 states…

- Other firms with multiple coal-fired power plants still on the drawing board include: