================================================================================
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) - MARCH 1, 2000
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
================================================================================
<PAGE>
ITEM 5. OTHER EVENTS.
------------
Reference is made to Note 3 of Notes to Condensed Consolidated Financial
Statements contained in the Quarterly Report on Form 10-Q/A for the quarterly
period ended September 30, 1999 of Texas Utilities Company, doing business as
TXU Corp. and TXU Electric Company (TXU Electric).
In October 1999, TXU Electric filed with the Public Utility Commission of Texas
(PUCT) an application for a financing order (Docket No. 21527) to securitize
$1.65 billion of its generation-related regulatory assets and other qualified
costs in accordance with legislation passed by the Texas Legislature in 1999
permitting securitization of regulatory assets and stranded costs. On March 1,
2000, the PUCT rejected TXU Electric's request for securitization of such $1.65
billion of regulatory assets and authorized securitization of only $357 million
of such regulatory assets. TXU Electric believes such ruling is inconsistent
with such legislation and announced that it will pursue an appeal thereof to the
Travis County, Texas District Court following the receipt of a final order
evidencing such ruling from the PUCT. TXU Electric expects that any difference
between the $1.65 billion and the amount finally authorized will continue to be
deferred until securitization of generation related assets is addressed in 2002.
2
<PAGE>
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
-------------------------------------
Name: Jerry W. Pinkerton
Title: Controller and Principal
Accounting Officer
Dated: March 13, 2000
3
<PAGE>
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.
TXU ELECTRIC COMPANY
By: /s/ Jerry W. Pinkerton
-------------------------------------
Name: Jerry W. Pinkerton
Title: Controller and Principal
Accounting Officer
Dated: March 13, 2000
4
