1 July 2002 – TXU Corporation has strengthened its position in the Nordic region with the purchase of Norwegian electricity supplier Forbrukerkraft for 38.5m kroner ($5.1m).

Forbrukerkraft, based in Oslo, has 43 000 customers with an annual load of around 1 TWh, TXU. TXU, which already has retail interests in Finland, serves more than 6 million customers across Europe.

“We are committed to growing our retail business across Europe and expanding our merchant energy model into both Europe and the Nordic region,” said TXU Nordic Energy Managing Director Evan Edwards.

Forbrukerkraft Managing Director Espen Boger added: “This sale represents good value for the shareholders and TXU and further enhances Forbrukerkraft’s focus on growing the business across Norway.”

Forbrukerkraft’s employees will transfer to TXU Nordic Energy, TXU said.