TXU Energy

TXU Energy
Company type	Subsidiary
Industry	Electricity retail
Founded	2002
Headquarters	Irving, United States
Area served	Texas
Parent	Vistra Corp

TXU Energy is a retail electricity supplier based in Irving, Texas, catering to both residential and commercial clients within Texas's deregulated electricity markets since the deregulation of the state's power sector in 2002. As a subsidiary of Vistra Corp, it ranks among the top retail electricity providers in Texas.

History

The origins of electricity production in North Texas trace back to 1882 with the establishment of Dallas Electric Lighting Company, which serves as an indirect predecessor to TXU Energy. In 1885, Fort Worth Electric Light and Power Company began operating west of Dallas, also contributing to TXU Energy’s lineage.

Over time, multiple electric utilities emerged, including the direct antecedents of TXU Energy: Texas Power & Light Company (TP&L); Dallas Power & Light (DP&L), which served the Dallas area; and Texas Electric Service Company (TESCO), covering Fort Worth and areas west of Abilene.

In 1984, DP&L, TESCO, and TP&L consolidated under Texas Utilities Electric Company as separate divisions. The corporation was renamed TXU Corp. in 1999 and expanded internationally, competing in markets across Australia, Europe, and North America. However, by 2002, TXU withdrew from all international operations to concentrate exclusively on its North American business.

Deregulation

Senate Bill 7 (SB 7), enacted by the Texas Legislature on May 21, 1999, introduced competition into the retail electricity market. TXU Energy was among the initial retail providers certified when the market opened in 2002. During the early stages of deregulation, TXU Corporation operated through three primary units: TXU Energy as the retail provider; TXU Electric Delivery handling transmission and distribution; and TXU Power managing wholesale generation.

In 2007, Energy Future Holdings Corp. (EFH) acquired TXU Corporation through a private equity transaction led by KKR, TPG Capital, and Goldman Sachs. While TXU Energy kept its original name, TXU Power was renamed Luminant and TXU Electric Delivery became Oncor.

EFH filed for bankruptcy on April 29, 2014. By October 2016, EFH’s subsidiaries—including TXU Energy and Luminant—restructured under Texas Competitive Electric Holdings (TCEH), appointing Curt Morgan as CEO. Later that year, TCEH adopted the name Vistra Energy.

Vistra Energy, the parent company of TXU Energy, commenced trading on the New York Stock Exchange on May 10, 2017.

Community and Conservation Initiatives

TXU Energy actively participates in community outreach programs and environmental conservation efforts throughout Texas.

TXU Energy Aid

Established in 1983, TXU Energy Aid provides financial assistance to customers struggling to pay their electricity bills. Supported by contributions from employees and customers alike, this initiative has distributed over $84 million to help approximately 455,000 individuals.

Committed to Community Growth Program

Through its Committed to Community Growth initiative, TXU Energy collaborates with the Texas Trees Foundation to promote tree planting statewide. Situated at Richland College, the TXU Energy Urban Tree Farm and Education Center stands as the largest nonprofit urban tree farm in the country. It cultivates trees for community projects while engaging volunteers in activities such as planting, mulching, and pruning. This partnership has successfully facilitated the planting of more than 240,000 trees across Texas.

Houston Zoo

By 2014, TXU Energy had contributed over $1 million to support the Houston Zoo. Since 2011, the company has acted as the presenting sponsor for the zoo's Chill Out initiative and has supported Zoo Lights since its launch. Furthermore, TXU Energy backs events such as the annual Gift of Grub campaign, where it matches donations up to $50,000.

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