July 24, 2014 7:03 AM ET

Electric Utilities

Company Overview of Texas Competitive Electric Holdings Company LLC

Company Overview

Texas Competitive Electric Holdings Company LLC, together with its subsidiaries, engages in the generation, retail sale, and wholesale of electricity to residential and business customers in Texas. It also engages in development and construction of generation facilities, as well as the commodity risk management and trading activities. The company is based in Dallas, Texas. On April 29, 2014, Texas Competitive Electric Holdings Company LLC filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. Texas Competitive Electric Holdings Company LLC operates as a subsidiary of Energy Future Competitive Holdings Company. It is in joint ...

1601 Bryan Street

Dallas, TX 75201-3411

United States



Key Executives for Texas Competitive Electric Holdings Company LLC

Chairman of the Board
Age: 58
Chief Financial Officer and Executive Vice President
Age: 60
Chief Executive of Luminant and President of Luminant
Age: 46
Chairman of TXU Energy and Chief Executive Officer of TXU Energy
Age: 46
President - Txu Generation
Age: 71
Compensation as of Fiscal Year 2014.

Texas Competitive Electric Holdings Company LLC Key Developments

Wilsonart LLC Partners with TXU Energy for Cleaner Air for Texans

Wilsonart LLC has taken additional steps to improve its energy efficiency and reduce its carbon footprint. The company recently purchased 35% Renewable Energy Credits backed by 100% Texas wind-fueled electricity. Based on the company's historical energy consumption, Wilsonart will cut more than 22 million pounds of carbon dioxide emissions each year with this commitment. Wilsonart worked with its retail electricity provider, TXU Energy, to improve efficiency at its manufacturing facility and to help its employees adopt energy efficiency habits at work and at home. In addition to the energy credit purchase, Wilsonart also has taken steps to reduce its overall electricity consumption. Energy-saving steps include: Installing high bay fluorescent lighting in place of metal halide fixtures and replacing T12 lighting with T8 lighting, cutting consumption by almost 5 million kWh per year; and Implementing new lighting controls in key areas, reducing consumption by more than 1 million kWh.

TXU Energy Presents at 24th Retail Energy Executive Forum, Mar-27-2013 09:00 AM

TXU Energy Presents at 24th Retail Energy Executive Forum, Mar-27-2013 09:00 AM. Venue: Gaylord Texan Resort & Convention Center, 1501 Gaylord Trail, Grapevine, TX 76051, United States. Speakers: Jennifer Pulliam, Director of Products & Innovation.

Texas Competitive Electric Holdings Company LLC Borrows $300 Million Senior Secured Revolving Credit Facility to Close New AR Program

On November 30, 2012, Energy Future Holdings Corporation and its subsidiaries, Texas Competitive Electric Holdings Company LLC. (TCEH) and TXU Energy Retail Company LLC (TXU Energy), entered into a new TXU Energy Accounts Receivable Securitization Program (new AR Program). To facilitate the closing of the new AR Program, including the repurchase by TXU Energy of all of its outstanding receivables previously sold under the terminated AR Program and taking into account the cap on the subordinated note under the new AR Program, in November 2012, TCEH borrowed $300 million under its senior secured revolving credit facility. TCEH's aggregate borrowings under such facility totaled approximately $1.3 billion as of November 30, 2012. As of November 30, 2012, in addition to the approximately $800 million of available capacity under the Revolving Credit Facility, TCEH had approximately $700 million of cash and cash equivalents and approximately $125 million of available capacity under its senior secured letter of credit facility, resulting in aggregate liquidity at TCEH at such date of approximately $1.625 billion. The execution of the new AR Program resulted in a net decrease in aggregate TCEH liquidity at the closing date of approximately $25 million, excluding the payment of transaction fees and expenses.

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