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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) - AUGUST 6, 1999
TEXAS UTILITIES COMPANY
DOING BUSINESS AS
TXU CORP
(Exact name of registrant as specified in its charter)
TEXAS 1-12833 75-2669310
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
No.)
ENERGY PLAZA, 1601 BRYAN STREET, DALLAS, TEXAS 75201-3411
(Address of principal executive offices, including zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE - (214) 812-4600
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Item 4 - Change in Certifying Accountant of TXU Eastern Holdings
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Limited
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On August 6, 1999, based upon the recommendation of its
Audit Committee, the Board of Directors of TXU Eastern Holdings
Limited (TXU Eastern) voted to appoint Deloitte & Touche as the
principal accountants for TXU Eastern and its subsidiaries for
the year ending December 31, 1999. TXU Eastern chose not to
continue the engagement of PricewaterhouseCoopers, its present
principal accountants. TXU Eastern is an indirect wholly-owned
subsidiary of Texas Utilities Company, doing business as TXU Corp
(TXU Corp). Deloitte & Touche LLP have been the principal
accountants for TXU Corp and its predecessors since 1945. The
decision by TXU Eastern to change principal accountants was made
in order to align the principal accountants of TXU Eastern with
those of TXU Corp.
No report of PricewaterhouseCoopers on TXU Eastern's
financial statements, including for the period from formation
(February 5, 1998) through December 31, 1998, contained any
adverse opinion or disclaimer of opinion, nor was any report
qualified in any manner.
During the period from formation through December 31,
1998 and the period from January 1, 1999 to August 6, 1999, there
were no disagreements with PricewaterhouseCoopers on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedure. During this period,
there were no "reportable events" as that term is defined in Item
304(a)(1)(v) of Regulation S-K.
TXU Eastern has requested and received from
PricewaterhouseCoopers a letter dated August 9, 1999 addressed to
the Securities and Exchange Commission stating that it agrees
with the above statements for the period from formation through
December 31, 1998 and the period from January 1, 1999 to August
6, 1999. A copy of the PricewaterhouseCoopers letter is attached
as an exhibit to this report.
On August 6, 1999, TXU Eastern engaged Deloitte &
Touche as its principal accountants to audit the financial
statements for the year ending December 31, 1999. TXU Eastern
has not consulted Deloitte & Touche regarding any of the matters
or events set forth in Item 304(a)(2)(i) and (ii) of Regulation
S-K. TXU Corp had routine discussions with its principal
accountants Deloitte & Touche LLP concerning the application of
accounting principles and other matters primarily relating to the
application of purchase accounting to the consolidated financial
statements of TXU Corp. TXU Corp and Deloitte & Touche LLP do
not believe that these discussions constitute consultations
within the context of Item 304(a)(2) of Regulation S-K.
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Item 7 - Financial Statements, Pro Forma Financial Information
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and Exhibits
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(c) Exhibits
Exhibit No. Description
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16.1 Letter of
PricewaterhouseCoopers
regarding Change in Certifying
Accountants
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SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
TEXAS UTILITIES COMPANY,
doing business as TXU CORP
By: /s/ Jerry W. Pinkerton
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Name: Jerry W. Pinkerton
Title: Controller
Date: August 12, 1999
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EXHIBIT INDEX
Number Description
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16.1 Letter of PricewaterhouseCoopers
regarding Change in Certifying
Accountants
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PRICEWATERHOUSECOOPERS
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PricewaterhouseCoopers
No. 1 London Bridge
London SE1 9QL
Telephone +44 (0) 171-939 3000
Facsimile +44 (0) 171-403 5265
August 9, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Texas Utilities Company,
doing business as TXU Corp (copy attached), which we understand
will be filed with the Commission, pursuant to Item 4 of Form 8-
K, as part of the Company's Form 8-K report dated August 6, 1999.
We agree with the statements concerning our Firm in such Form 8-
K, except that we have no basis to comment on the statements made
in the first and fifth paragraphs under Item 4.
Very truly yours,
/s/ PricewaterhouseCoopers
PricewaterhouseCoopers
