TXU Corp. (Dallas, Texas, U.S.) has named Tom Baker vice chairman of TXU Corp. and Robert S. Shapard chairman and CEO of TXU Electric Delivery, which will soon be changing its name to Oncor. This announcement is part of a plan to further separate TXU Corp.'s subsidiaries into three distinct businesses. The name transition to Oncor is expected to formally occur later in April 2007.

Baker has a 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.

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 T&D network expansion and upgrades, including the largest deployment of automated meters in Texas 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 CFO of Tenet Healthcare Corp., executive vice president and CFO of Exelon Corp., and executive vice president and CFO 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.