Graphic of florist shop.

TXU remains a champion of competition because of the benefits it brings customers and the prospects it offers shareholders. We believe competition is clearly superior to regulation in allocating resources, driving operating efficiency, stimulating innovation, and rewarding superior performance. Texas has completed a successful first year of deregulation, and customer choice is going well in Australia. We think our business model, consisting of regulated and unregulated businesses, remains the most viable and attractive way to do business in our selected markets.