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TXU, 4Change Energy Report Net Income in EFH Bankruptcy Filing
A filing made by Energy Future Holdings in its bankruptcy proceeding lists the net income recorded by TXU Energy Retail Company LLC and 4Change Energy Company during August.
TXU Energy Retail Company LLC recorded $120 million in net income during August 2014, on $352 million in operating revenues.
4Change Energy Company recorded $195,000 in net income during August 2014, on $4 million in operating revenues.
Due to impacts of required mark-to-market accounting, GAAP net income is not typically used by retail suppliers as indicative of the underlying profitability of the business.
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October 2, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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