TXU expands in Britain

IPSWICH-based TXU has bought the UK Business of American energy giant Amerada Hess for £117 million.It includes more than 400,000 domestic UK energy and telecoms accounts as well as a commercial gas supply operation estimated at around 7% of the UK market.

P5

IPSWICH-based TXU has bought the UK Business of American energy giant Amerada Hess for £117 million.

It includes more than 400,000 domestic UK energy and telecoms accounts as well as a commercial gas supply operation estimated at around seven per cent of the UK market.

As a result of the transaction, TXU's UK supply business now stands at around 5.5 million domestic energy customer accounts, equivalent to 13pc of the entire UK market.

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