Energy Future Holdings Corp. canceled plans to auction its valuable power-distribution business and will try to resolve its $42 billion bankruptcy under one of two proposals backed by rival groups of creditors.
Unsecured creditors backed by Hunt Consolidated Inc. are trying to round up enough senior debt-holders to push through a reorganization plan worth about $19 billion. If they succeed, Energy Future would seek court approval of that plan in October.
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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.