About Us
Fronek Power Systems, LLC and Gooch Equipment Marketing, Inc., have together been contracted by Energy Future Holdings (formerly TXU Corp.) to participate with them in the marketing and sale of approximately fifty million pounds of surplus material resulting from the cancellation of eight (8) supercritical coal fired power plants which TXU had planned to construct in the US Southwest.
Fronek Power Systems, LLC (FPS) is an Orangeburg, New York, based engineering, design, and consulting firm specializing in all aspects of Fossil Power Plant piping, plant equipment arrangement and modularization concepts.
Gooch Equipment Marketing, Inc. (GEM) is a Lebanon, New Jersey, based technical sales and marketing company concentrating on products used in the electric power, oil refining, and petrochemical industries.
Energy Future Holding Corporation (EFH) is an energy company headquartered in Energy Plaza in Dallas, Texas. The company was known as
TXU until its $45 billion leveraged buyout by KKR, TPG Capital, and Goldman Sachs in 2007. That purchase was the largest leveraged buyout in history. Additional information about EFH can be found on their website.
www.energyfutureholdings.com
About Our Objective
The common objective of FPS and GEM, together with EFH, is to sell the surplus tubes and pipe all of which is in good to excellent condition (see photos) and is being stored in two locations (one in China, near Beijing and the other in Texas, near Houston). This material was purchased to very demanding technical specifications and manufactured by the highest quality well established tube and pipe mills in the U.S., Japan, Germany, etc. (Refer to MTR’s for additional details.) Our intention is to negotiate with qualified purchasers in such a way as to encourage a relatively small number of large sales in lieu of a large number of smaller sales and to complete this project before the end of 2008.
Our highest priority will be to protect the good name and reputation of all three companies involved in this effort by respecting every client and by supplying the material purchased by these clients in a professional and timely manner. Fronek, Gooch, and Energy Future Holdings will make every reasonable effort to assure that each sale is completed satisfactorily and that each buyer will become a satisfied customer.