Environmental Concessions |
Prior to this deal, TXU had become the bête noire for the environmental community. The company had thumbed its nose at concerns about global warming and air pollution. Thus, any environmental concessions by the new management would mark an improvement over the existing set of affairs.
Nonetheless, Marston wanted to use this opportunity to get concessions from TXU that would provide the greatest amount of benefit for the environment. He had a few ideas, but was certainly open to further suggestions. He knew that his proposals had to make economic sense to the company (or else they would scuttle the deal). He also knew that he would be negotiating with upper-level managers at a private equity firm rather than engineers, so his proposals could not be technical or too specific. But he also realized that he wanted to nail down as many of the details as possible, because EDF might not have another opportunity to influence corporate policy at TXU again.
The tabs above provide a non-exhaustive list of potential environmental concessions and give sources for information that may be helpful in evaluating them.