Texas Competitive Electric Holdings Company LLC (TCEH), a unit of Energy Future Holdings and the parent of TXU Energy and Luminant, is conducting meetings with prospective lenders in connection with the syndication of its $4.25 billion senior secured credit facilities
EFH said that under its bankruptcy plan, which will see TCEH spun-off to creditors, the new credit facilities will initially refinance the TCEH’s existing DIP and then will convert to a permanent exit financing upon the TCEH’s exit from bankruptcy
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.