TXU Electric Delivery (Dallas, Texas, U.S.), a subsidiary of TXU Corp., has signed a 10-year, US$8.7 billion agreement with InfrastruX Energy Group for utility infrastructure and management services. InfrastruX Energy Group is the joint venture created by TXU Corp. and InfrastruX Group (Bellevue, Washington, U.S.), a national provider of utility-related construction and maintenance services.

Under the terms of the agreement, TXU Electric Delivery will contract for design, construction and maintenance services from InfrastruX Energy Services. TXU Electric Delivery will continue to own its T&D system and associated assets, and fulfill all of its obligations as an electric utility. InfrastruX Energy Services will be responsible for delivering the services defined by the agreement, which consists of maintenance, construction, power restoration and other services for the utility.

The joint venture between InfrastruX Group and TXU is expected to create a business with the scale to provide distinctive services in utility design, operations, maintenance and construction to TXU Electric Delivery and other utilities across North America, helping them serve customers more reliably and efficiently.

Michael T. Lennon will lead the new joint venture as its president and CEO. Brenda Pulis, currently TXU Electric Delivery's senior vice president of distribution, along with certain other members of TXU Electric Delivery's management team, will join InfrastruX Energy Services' senior leadership. Approximately 2000 current TXU Electric Delivery employees will also join 3000 employees from InfrastruX Group to become employees of InfrastruX Energy Services, which expects to be fully operational by the end of 2006.