Texas - based TXU had been planning a $10 billion investment in 11 new coal - fired power plants over the next several years .
Texas - based TXU had drastically reduced those plans in 2007 under the terms of a buyout by a consortium of private equity firms .
Texas - based TXU had been planning a $10 billion investment in 11 new coal - fired power plants over the next several years , but drastically reduced those plans in 2007 under the terms of a buyout by a consortium of private equity firms .