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.

Keep reading at Reuters.

Subscribe To Our Newsletter

Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.

You have Successfully Subscribed!

Share This