TXU Profits Fall as Buyout Looms
Most of us in Texas are enjoying the abnormally cool weather that has graced us during a period in which we are usually already looking for a way out of the summer heat box. There are, however, a few people who are happy to see that hot weather is finally approaching. For electric companies relying on consumers to crank up their air conditioners, the first few months of summer have been a disappointment. For TXU (NYSE: TXU), the unusual weather in Texas couldn't have come at a worse time, as they are on the fringe of a buyout. The company…