Energy Future Holdings Corp, the biggest power company in Texas, won a ruling on Wednesday in a $431 million dispute with its noteholders that should bolster its plans for emerging from bankruptcy.
The ruling denied noteholders an avenue to collect a “make-whole” payment from a unit of Energy Future for redeeming securities early. The opinion is also one of the first by a judge in the busy U.S. Bankruptcy Court in Wilmington, Delaware, in an area that has become hotly contested in corporate restructurings.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.