This week, the TXU saga blazed out of Texas and into the world's headlines as the company announced it would be sold to two major private investment firms for an amount greater than any private buyers have ever paid for a single company. Astonishingly (delightfully?), the buyers announced that they would scale back (though not eliminate) TXU's plans to build new coal plants in Texas, and that several pivotal environmental groups had participated closely in working on the details of the sale. The New Capital Show (along with the Wall Street Journal) has from the beginning provided ongoing coverage of the emerging stories of coal power in America and TXU in particular. Join us this week as we discuss this ground-breaking new development with Jim Marston, the Environmental Defense activist who played a key negotiating role in the agreements with the buyers, and Terry Oxford, a lawyer with Susman Godfrey LLP, the law firm representing several Texas municipalities in their opposition to TXU's proposed plants. [Production:Dixon(lead)/Sanders/Villalobos]
READ: Leo's editorial Owning and Controlling