Sale of TXU results in new appointments


The sale of Texas-based utility TXU to private investors has led to the announcement of several board appointments.

Former U.S. Secretary of State James A. Baker, III will serve as Advisory Chairman to the investment group of new owners. William Reilly, Chairman Emeritus of the World Wildlife Fund and former EPA Administrator, will join board of directors and lead the effort to make climate stewardship central to corporate policies.

Donald L. Evans, former U.S. Secretary of Commerce; James R. Huffines, Chairman of the University of Texas Board of Regents; and Lyndon L. Olson Jr., former Texas State Representative and former U.S. Ambassador to Sweden, will also join the board of directors.

TXU will create an independent Sustainable Energy Advisory Board comprised of individuals who represent the following interests: the environment, customers, Texas economic development and ERCOT reliability standards.