The prospective bankruptcy filing of Energy Future Holdings Corp., taken private in the biggest leveraged buyout in history, is poised to put the most profitable unit of the power producer up for grabs.

Oncor Electric Delivery Co. may eventually end up in the hands of hedge funds and other investors who then could sell it to a utility buyer if bankruptcy proceedings unshackle it from Energy Future, according to debt researchers.

Read the full story at Bloomberg BusinessWeek.