Energy Future Holdings Corp., the bankrupt Texas power company, said it will file a detailed description next month of how it hopes to restructure $40 billion of debt in less than a year.
The filing, known as a disclosure statement, is what creditors use in deciding how to vote on a bankruptcy reorganization plan. The court must approve the disclosure before balloting can be held and will later take the results into consideration when deciding on the plan. The statement is due June 13.
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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.