Dallas-based Energy Future Holdings plans to emerge from bankruptcy by unloading its Oncor power line company in a $12.2 billion deal to a consortium led by the Hunt oil family.

Energy Future Holdings, which filed for bankruptcy protection more than a year ago, also owns two other Texas electricity providers, Luminant and TXU Energy, and has long considered selling Oncor to help right itself financially. Energy Future Holdings owns 80 percent of Oncor.

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