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.
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.