Elliott Management, a top creditor in bankrupt Energy Future Holdings, wants to file its own reorganization plan for the Dallas-based power company after the planned sale of Oncor Electric Delivery was blocked by Texas regulators.
Paul Singer’s New York-based hedge fund sued Energy Future on Thursday, asking a judge to rule that any restrictions that may hold back some noteholders don’t apply to Elliott. Elliott has bought large chunks of the company’s debt over the past eight months.
Original article by: JODI XU KLEIN AND STEVEN CHURCH
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.