The vote ends wide speculation that the private equity buy out for $32 billion and $13 billion in debt would collapse this year following a turbulent summer in the high yield bond markets.

Approval by at least two-thirds of the shares was required for the deal to move forward. Of the shares voted, more than 340 million shares, or over 74% of the 461 million total outstanding shares of TXU Corp. common stock, were voted in favor of the adoption of the merger agreement, TXU said.

Pending Nuclear