Objections are stacking up from creditors that are pushing back against the Texas-based utility’s move to fast track its Chapter 11 case. A number of large creditors, including but not limited to UMB Bank, Contrarian Capital Management, Fidelity Management & Research Co., Bank of New York Mellon and Bank of New York Mellon Trust are involved in EFH’s Chapter 11 case in Delaware and recently challenged the new proposed accelerated plan that the Texas utility is seeking to have approved by the bankruptcy court.
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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.