His father retired as a mechanical engineer in Orlando, Fla., for the power-generation division of what was then the Westinghouse Electric Corporation, now CBS.
TXU, based in Dallas, said that if the sale fails, leaving it an independent company, it would probably have to borrow $5 billion to $6 billion at its power-generation division to pay for share buybacks and capital expenses.
Siemens Westinghouse accounts for 78% of the $11.3 billion in order backlog at Siemens' worldwide power-generation division.
Siemens' power generation and medical divisions, now success stories, were once problem children.
Germany's largest engineering company, Siemens, said that third-quarter profit dropped 13percentt, which was less than expected, as the company increased its results with one-time gains in its power generation and medical divisions.
He has shed the power generation, nuclear and rail divisions that marked ABB as an anchor of the old economy to gain it a larger place in the technology-driven world of the new.
During his tenure, Mr. Lindahl shed the company's power generation, nuclear and rail divisions and moved it toward technology-driven businesses, particularly with the 1998, $2.1 billion acqusition of Elsag Bayley Process Automation of Italy.
The Energy Switzerland division comprises power generation in power stations.
The Energy and Environment division offers power generation, bio-ethanol projects, waste water recycling, and desalination.
