TXU Energy’s parent company, Energy Futures Holding, has been let off the hook from tax liability on $23 billion. The IRS’s ruled that it can dispose shares in its unit without a tax liability.
It is believed that TXU will file for bankruptcy in 2014 due to the losses it has reported for the past several quarters.
Energy Future Holdings also owns power generation plants. Overall, the company has been hurt by falling natural gas prices and strong competition.