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 for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.