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.
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.