John F. Young

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John F. Young is the CEO and President of Texas-based Energy Future Holdings (EFH).

In 2010, EFH had $8.2 billion in revenue.

Ties to the American Legislative Exchange Council

Energy Future Holdings is a member of the American Legislative Exchange Council (ALEC), as of July 2011, and a representative of EFH sits on the Corporate ("Private Enterprise") Board.[1]

About ALEC
ALEC is a corporate bill mill. It is not just a lobby or a front group; it is much more powerful than that. Through ALEC, corporations hand state legislators their wishlists to benefit their bottom line. Corporations fund almost all of ALEC's operations. They pay for a seat on ALEC task forces where corporate lobbyists and special interest reps vote with elected officials to approve “model” bills. Learn more at the Center for Media and Democracy's ALECexposed.org, and check out breaking news on our PRWatch.org site.

Background

Before working for EFH, Young was Executive Vice President of Finance and Markets at Exelon, an electricity generating and distributing company headquartered in Chicago. He managed the companies' nuclear, coal and hydropower operations.[2]

Company Information

EFH is a privately held energy company with a portfolio of energy companies serving the Texas electricity market: Luminant, TXU, and Oncor.[3] EFH is owned by a group of investors led by private equity firms Kohlberg Kravis Roberts & Co. (KKR) and Texas Pacific Group (TPG), as well as global investment bank Goldman Sachs.[4]

Articles and resources

Related SourceWatch articles

References

  1. Private Enterprise Board, ALEC website, accessed July 7, 2011.
  2. John F. Young,"Energy Future Holdings"
  3. "About EHF" EFH Website, accessed September 2010.
  4. "Energy Future Holdings Corp.: Our Owners" Energy Future Holdings Corp., accessed July 2010.

External resources

External articles

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