Following through on a promise made last spring to stabilize operations and improve earnings, TXU Corp. CEO Erle Nye on Monday said the company will deliver 10% higher earnings than previously forecast, and expects to report $1 a share for the third quarter, compared with a previous guidance of 90 cents.
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Articles from Erle
TXU Hints of Dividend Hike, Plans to Cut $1.5B in Debt in ’03
Calling the last year a “near death experience,” TXU Chairman Erle Nye promised to keep liquidity high and work aggressively to strengthen the company’s balance sheet. He said the Dallas-based utility’s stabilizing operations and improved earnings outlook may allow it to raise its dividend within the next two years.
May 12, 2003
TXU Hints of Dividend Hike, Plans to Cut $1.5B in Debt in ’03
Calling the last year a “near death experience,” TXU Chairman Erle Nye promised to keep liquidity high and work aggressively to strengthen the company’s balance sheet. He said the Dallas-based utility’s stabilizing operations and improved earnings outlook may allow it to raise its dividend within the next two years.
May 9, 2003
TXU Europe’s Problems Grow, But Corporate Shows ‘Strong Support’ for Investment-Grade Rating, Says S&P
As long as TXU Corp. can deleverage itself and lower its debt-to-capital ratio in a “fairly rapid fashion,” Standard & Poor’s Ratings Services (S&P) analyst Judith Waite believes the company shows strong support for an investment-grade rating.
October 21, 2002
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