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TXU buys Amerada’s UK domestic business

TXU, the international energy company, has acquired the UK retail and trading business of New York-based energy firm Amerada Hess for a total of £117 million ($167 million).

The 400,000 customers that TXU gains from Amerada Hess bring its customer base to around 5.5 million domestic customers in the UK.

Christian Judge, a spokesman for TXU, says this figure gives TXU a greater chance of success in the UK market. “Unless you’ve got at least 5 million customers you aren’t going to survive in th