Texas power company Energy Future Holdings Corp will start hearings in February to confirm its Chapter 11 bankruptcy exit plan and its proposed sale of its power lines business to NextEra Energy Inc (NEE.N) for $18.6 billion, a judge said on Thursday.
Those hearings had been scheduled to begin on Thursday, but were postponed after the U.S. 3rd Circuit Court of Appeals ruled last month that the company owed holders of its first-lien and second-lien notes about $800 million more than anticipated.
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.