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To: Think4Yourself who wrote (52303)10/1/1999 10:31:00 PM
From: Think4Yourself  Respond to of 95453
 
TXU to Sell Six Power Plants Ahead of Deregulation

quote.bloomberg.com

Dallas, Oct. 1 (Bloomberg) -- TXU Corp., owner of Texas's
largest utility, said it will sell six natural gas-fired power
plants in that state in an auction expected to bring in at least
$1 billion, more than 10 times the plants' book value.
...
"Dallas-based TXU expects it will be able to purchase power
from rivals for less than the cost of running the six plants. The
company has 2.5 million electricity customers in Texas."