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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) - OCTOBER 1, 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.)
TXU ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
TEXAS 1-11668 75-1837355
(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)
REGISTRANTS' TELEPHONE NUMBER, INCLUDING AREA CODE - (214) 812-4600
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ITEM 5. OTHER EVENTS.
On October 1, 1999, TXU Electric Company ("TXU Electric"), announced
that it plans to sell six of its eighteen natural gas-fired electricity
enerating plants in Texas. TXU Electric is a wholly-owned subsidiary of Texas
Utilities Company (doing business as TXU Corp).
The plants to be sold are the Mountain Creek and Parkdale plants in
Dallas, the North Main plant in Fort Worth, the Lake Creek and Tradinghouse
plants near Waco and the Rivercrest plant outside Mount Pleasant. These plants
have an aggregate generating capacity of 3,116 megawatts, or approximately 15%
of TXU Electric's generating capacity, and generate electricity to supply a mix
of base, intermediate and peak loads. TXU Electric plans to sell the plants,
which consist of a total of 14 gas-fired units and three diesel generators,
together with all associated assets, including land, lakes, water rights, air
permits, emission allowances and fuel transportation contracts. TXU Electric
plans to begin making modifications to the plants prior to the sale so that they
will comply with the requirements under the electric utility restructuring
legislation in the State of Texas for reduction of nitrogen oxide and sulfur
dioxide emissions.
Forward-Looking Statements
This report and other presentations made by TXU Corp or TXU Electric
contain forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. Although TXU Corp and TXU Electric
each believe that in making any such statement its expectations are based on
reasonable assumptions, any such statement involves uncertainties and is
qualified in its entirety by reference to factors contained in the Forward-
Looking Statements section of Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations in TXU's and TXU Electric's Annual
Reports on Form 10-K for the year 1998, that could cause the actual results of
TXU Corp or TXU Electric to differ materially from those projected in such
forward-looking statements.
Any forward-looking statement speaks only as of the date on which
such statement is made. Neither TXU Corp nor TXU Electric undertakes any
obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time. It
is not possible for TXU Corp or TXU Electric to predict all of such factors,
nor can they assess the impact of each such factor or the extent to which any
factor, or combination of factors, may cause results to differ materially from
those contained in any forward-looking statement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrants have duly caused this report to be signed on their 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: October 4, 1999
TXU ELECTRIC COMPANY
By: /s/ Jerry W. Pinkerton
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Name: Jerry W. Pinkerton
Title: Controller
Date: October 4, 1999
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