A U.S. bankruptcy judge has approved Energy Future Holding’s plan to award $20 million in bonuses to top executives despite objections from the federal bankruptcy advocate’s office.
At a hearing in Wilmington, Del. Wednesday afternoon, Judge Christopher Sontchi said the bonus programs met legal standards in that it incentivized performance and was not designed solely to keep executives from leaving the company.
Keep reading at Dallas Morning News.
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.