Energy Future Holdings Corp.’s protracted reorganization saga will restart this summer, when the company offers two separate proposals designed to replace a bankruptcy plan that fell apart this month under pressure from Texas regulators.
U.S. Bankruptcy Judge Christopher Sontchi on Monday let the company seek approval of the pair of plans in succession. In August, the company’s electricity-generating units will present the court with a proposal to let senior lenders take them over. A month later, the power-line side will ask the court to either ratify a sale or permit a takeover by a different group of creditors.
Keep reading at Fort Worth Star-Telegram.