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.
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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.