Creditors firm stance in bankruptcy of Texas’ largest power provider
A group of creditors for TXU Energy's parent company is breaking from competing lenders as it seeks to squeeze value out of the Energy Future Holdings Corp. in a debt restructuring.
View ArticleInvestors skirmish for scraps as bankruptcy of TXU Energy parent looms
KKR & Co., Goldman Sachs Capital Partners and TPG Capital, the firms that led the $48 billion buyout of Energy Future Holdings Corp. in 2007, are fighting to receive barely 3 percent of their...
View ArticleEnergy Future adds new directors as vote on default nears, source says
Energy Future Holdings Corp., the power producer preparing for bankruptcy, added two directors to its boards before a vote this week on whether to make a crucial interest payment, said a person with...
View ArticleEnergy Future sued by lenders’ trustee for $665 million
nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10...
View ArticleJudge rejects creditors’ bid to send bankruptcy case to Texas
Energy Future Holdings Corp., the bankrupt Texas power provider, will restructure $40 billion in debt in a Delaware court, a federal judge ruled, rejecting a request by creditors to transfer the case...
View ArticleEnergy Future Holdings calls off sale of power business amid $42 billion...
Energy Future filed its $42 billion bankruptcy last year with a plan to break itself in two, giving each part to different sets of creditors. Groups that felt left out of that proposal have been...
View ArticleIs new Oncor deal close?
NextEra Energy has offered to buy Energy Future Holdings Corp.’s Oncor Electric Delivery Co. and is closest to reaching a deal among at least seven companies that have expressed interest in the Texas...
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