Unprecedented Green Takeover Bid Threatened By Wary Shareholders

The announcement in February that private equity investors led by Kohlberg Kravis Roberts & Co. would scrap TXU's plans to build eight coal-fired power plants using outdated technology if the company sold itself was greeted with fanfare befitting such an unprecedented move in a greener direction.

After all, here was Wall Street investment clearly making a statement that old, polluting technology was not an investment at all. The way forward, when it comes to energy, has to be cleaner, greener and more renewable.

Great -- except now TXU's current shareholders are quibbling that the selling price isn't high enough. TXU's own executives say the bid is worth more than the company, according to the Dallas Morning News, but some shareholders doubt it.

Hopefully, this is just a bump in the road as investors try to maximize the lining of their pockets. Anything that gets in the way of this deal would be a big blow, given its unprecedented nature and the need to quickly take this step and many more like it to get the country's energy portfolio in order.

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