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We market our technology and asset-management expertise to other utilities in North America
through our competitive business, Oncor Utility Solutions. New clients during 2002 included major utilities in California and Connecticut
and an electric cooperative in New Mexico.
Oncor is committed to long-term earnings growth with a near-term focus of maintaining credit and cash
and providing safe and reliable energy delivery services. As the name suggests, we seek to perform so well
that customers and investors call for a repeat performance.
TXU Energy
TXU Energy officially opened for business on January 1, 2002, as the Texas electricity market deregulated,
giving customers the power to choose their electricity provider. TXU Energy operates its portfolio of power
production, portfolio management, and retail operations as one single integrated energy business.
We hold an enviable position in the new energy market.
We are the state’s leading electricity retailer
and largest power producer. Our business fundamentals are strong. We have solid earnings and cash flows,
a large and loyal customer base, and opportunities to grow outside our historical service territory into new
Texas markets.
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