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TXU announces power purchase agreement with AES Deepwater

DALLAS, Nov. 13, 2001 — Global energy services firm TXU has signed a multi-year contract, effective Jan. 1, 2002, to purchase 141 MW of output from the AES Deepwater Project, located in the Houston area.

The project is owned and operated by AES Deepwater, Inc., an indirect, wholly owned subsidiary of The AES Corp. of Arlington, Virginia. AES Deepwater will continue to own and operate the power plant.

The 141 megawatts of petroleum coke-fired power from the 15-year old facility will allow TXU to serve approximately 30,000 Houston households.

Peter Greenberg, vice president of origination, stated that, “We are pleased to expand TXU’s presence into the Houston market at a time when the Electric Reliability Council of Texas market is opening for competition. This transaction allows us to diversify our traditional base and obtain control of flexible generating capacity in the Houston area of ERCOT, therefore providing greater choices for customers.”

TXU is a global leader in electric and natural gas services, merchant trading, energy marketing, energy delivery, telecommunications and other energy-related services. TXU is one of the largest energy companies in the world with more than $28 billion of annual revenue and $43 billion of assets.

TXU is one of the largest generators of electricity in the world and sells 330 million-megawatt hours of electricity and 2.8 trillion cubic feet of natural gas annually. TXU delivers or sells energy to 11 million customers primarily in the US, Europe and Australia. Visit www.txu.com for more information on TXU. Visit http://www.txu.com for more information on TXU.