Texas Utilities’ Offer for The Energy Group will not be referredto the United Kingdom’s Monopolies and Mergers Commission. TheEnergy Group noted the waiver and said it will advise shareholdersas soon as possible on what they should do regarding the offersfrom PacifiCorp and Texas Utilities.

The Texas Utilities (TU) offer of 840 pence per Energy GroupShare represents a premium of 20 pence per share to the increasedPacifiCorp offer. TU is also offering a limited share alternativewith a value equal to 865 pence per Energy Group share. The TUoffer is not final and the company reserved the right to increaseits offer in the event of a higher competing bid. Texas Utilities,through its wholly owned subsidiary TU Acquisitions, owns 21.96% ofEnergy Group’s issued ordinary share capital.

TU said it expects Federal Energy Regulatory Commission (FERC)approval of the sale of coal concern Peabody within the timetablegoverning the Energy Group offer. Other approvals have beenobtained or waived.

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