TXU (short for Texas Utilities, formerly TU Electric) ( NYSE: TXU) is an energy company headquartered in Energy Plaza in Dallas, Texas. Founded in 1882 as a power provider for the city of Dallas. In 1917, the company was called Dallas Power & Light. The company merged with two others to become TU Electric in 1984 and following acquisitions of other power companies in the United Kingdom and Australia, simply became TXU.In 1996, TU Electric merged with the parent company of Lone Star Gas, allowing TXU to become the largest provider of electricity and natural gas in the state of Texas. In 2002, the state of Texas deregulated TXU's monopoly on electricity and TXU now competes against other energy companies like Reliant Energy.
TXU divested itself of its European holdings in late 2002 and its Australian holdings in 2004.
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