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 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.