"We are proud to welcome TCEH to our OTCQX Market," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "Trading on OTCQX will enable TCEH to maximize the benefits of being publicly-traded by allowing its shareholders to unlock the full value of their shares in the public market and providing transparency into its news and financial disclosure - all without the pain, cost and complexity of a traditional stock exchange listing."
Gibson, Dunn & Crutcher LLP serves as TCEH's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
TCEH Corp. is a premier Texas-based energy company focused on the competitive energy and power generation markets through operation as the largest generator and retailer of electricity in the growing Texas market. Its integrated portfolio of competitive businesses consists primarily of Luminant and TXU Energy. Luminant generates and sells electricity and related products from the company's diverse fleet of generation facilities totaling approximately 17,000 MW of generation in Texas, including 2,300 MW fueled by nuclear power, 8,000 MW fueled by coal, 6,000 MW fueled by natural gas, and is a large purchaser of wind-generated electricity. TXU Energy sells retail electricity and value-added services (primarily through our market-leading TXU Energy™ brand) to approximately 1.7 million residential and business customers in Texas.
About OTC Markets Group Inc.
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SOURCE OTC Markets Group Inc.