KKR Is A ‘Work in Progress’ To Go Green – Bloomberg Markets magazine.

KKR hasn’t forsaken all carbon-intensive practices.

Its partnership with Premier Natural Resources LLC in Tulsa, Oklahoma, buys oil and gas fields.

A venture with Hilcorp Energy Co. drills shale gas deposits in Texas.

While TXU, renamed Energy Future Holdings Corp., is sticking to its promises with EDF, the utility is the 12th- largest carbon emitter among U.S. fossil-fuel-burning power producers in 2008, a study published in 2010 by the New York- based Natural Resources Defense Council found. A 2006 NRDC report ranked TXU as the 13th largest.

“This is very much a work in progress,” says Ralph Cavanagh, co-director of the NRDC’s energy program.

TXU’s 3 new coal-fired plants — the ones whittled down from the proposed 11 — are adding an extra 22 million tons of CO2 to the atmosphere every year, says Tom Smith, Texas director of Public Citizen, a consumer advocacy group founded by Ralph Nader.