How Did TXU Get to the Point of Almost Certain Bankruptcy?

The Choose Energy Team
By The Choose Energy Team September 12th, 2013
For business

As has been widely reported, the energy giant TXU Energy is inching closer to bankruptcy in what will be the largest default of its kind in more than 30 years. But speculation for a year or more that this would happen is only part of the story. The intricate structure of debt, holding companies and leverage seems to be exceeded only by the strange and complex deals that brought down Lehman Brothers and caused financial panic 5 years ago this week.

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