TXU Names Tom Baker Vice Chairman of TXU Corp., Bob Shapard CEO of Electric Delivery Business

DALLAS, April 17 /PRNewswire-FirstCall/ -- TXU Corp. announced today that Tom Baker has been named Vice Chairman of TXU Corp. and Robert S. Shapard has been named Chairman and Chief Executive Officer of Oncor, currently named TXU Electric Delivery. This announcement is part of the implementation of the previously described plan to further separate TXU Corp.'s subsidiaries into three distinct businesses. The name transition to Oncor will formally occur later this month, in advance of the company's Section 14.101 (merger review) filing with the Public Utility Commission of Texas.

Baker has a distinguished 36-year track record at TXU, having held leadership positions in generation, utility operations, finance, customer service, rates and regulatory affairs, and public policy. He most recently served as Chairman and CEO of TXU Electric Delivery. In his new role as Vice Chairman of TXU Corp., Baker will assume responsibility for coordinating the company's regulatory filings relating to the merger transaction, supervising regulatory and legislative affairs, and ensuring effective communication and cooperation with all regulatory and legislative oversight bodies. In addition, Baker will be responsible for ensuring the coordination of these activities with the investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group that has agreed to acquire TXU Corp. as part of the transaction.

"With the pending merger and the range of activities that the company is undertaking, it is critical that our regulatory filings and interactions remain fully coordinated with the investor group, and reflect our commitment to provide superior service to customers," said C. John Wilder, Chairman and CEO of TXU Corp. "Tom Baker is an extremely capable leader with the skill set and experience to take on this vitally important role for the company. We are also very pleased to appoint Bob Shapard to his new role in Oncor. Bob is a seasoned executive with a demonstrated record of success at TXU and other companies in the energy industry."

Shapard, who joined the company as a strategic advisor in late 2005, has a distinguished track record as a senior executive at TXU and several other companies. As Chairman and CEO of Oncor, Shapard will work closely with Oncor's leadership team to achieve the objectives of industry-leading reliability, customer service, and cost productivity. Shapard will also oversee Oncor's infrastructure investment program, which is focused on transmission and distribution network expansion and upgrades, including the largest deployment of automated meters in the state and other new digital technologies across the network. A native of Texas, Shapard adds a wealth of electric company, operating, financial and leadership experience from past positions. Shapard has served as chief financial officer of Tenet Healthcare Corporation, executive vice president and chief financial officer of Exelon Corporation, and executive vice president and chief financial officer of Ultramar Diamond Shamrock. Earlier in his career, Shapard served 20 years in various financial and operating leadership roles for TXU, including managing director of former TXU Corp. subsidiary TXU Australia and treasurer and assistant secretary of TXU Corp.

TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses primarily in Texas. In the competitive TXU Energy Holdings segment (electricity generation, wholesale marketing and retailing), TXU Energy provides electricity and related services to more than 2.1 million competitive electricity customers in Texas. TXU Power has over 18,100 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity. TXU Wholesale optimizes the purchases and sales of energy for TXU Energy and TXU Power and provides related services to other market participants. TXU Wholesale is the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. TXU Corp.'s regulated segment, TXU Electric Delivery (planned to be renamed Oncor Electric Delivery later this month), is an electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. TXU Electric Delivery operates the largest distribution and transmission system in Texas, providing power to three million electric delivery points over more than 101,000 miles of distribution and 14,300 miles of transmission lines. Visit http://www.txucorp.com/ for more information about TXU Corp.