Billion-dollar buyout of electric utility TXU

1. Various of TXU Lake Hubbard power plant 2. Medium of TXU power plant sign 3. SOUNDBITE: (English) Jack Kolodziejczak, Local Resident: "I mean, if we don't find another alternative method to run our electric plants, we're always going to be at the mercy of somebody else, instead of ourselves. And we should be, we should be calling our own shots and not at the mercy of other people." 4. Pan right from power lines and power plant 5. SOUNDBITE: (English) Jack Kolodziejczak, Local Resident: "The way things are going right now, the price of oil and everything like that, I don't see how its going to make a huge difference anywhere." 6. Zoom out to wide of power plant STORYLINE: TXU Corp, Texas' largest electricity producer, agreed on Monday to be sold to a group of private-equity firms. The $45 billion US dollar buyout of the electric utility injected confidence into the market that merger and acquisition activity could surpass last year's record $4 trillion US dollar level. If accepted by shareholders and regulators TXU Corp buyout will be the largest private buyout in US corporate history. Kohlberg Kravis Roberts & Co. and Texas Pacific Group led a group that included Goldman Sachs & Co. and three other Wall Street firms that will pay US$69.25 per share for TXU. With the private buyout the acquiring companies will also be responsible for TXU Corp, $13 billion US dollars in debt. There was also speculation on Monday that the market might be in for a correction that could propel stocks forward, especially ahead of an expected downward revision of fourth-quarter gross domestic product to be released Wednesday. For local residents, with the oil prices so high, the buyout of TXU could not make much of a difference to their pockets. "The way things are going right now, the price of oil and everything like that, I don't see how its going to make a huge difference anywhere." Meanwhile, environmentalists declared victory after the would-be buyers agreed to scale back TXU's plan to build new coal-fired power plants but vowed to keep fighting against the plants that would remain in play. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/3985df6c8efe6a815b2eed5596c254f1 Find out more about AP Archive: http://www.aparchive.com/HowWeWork