Jan 13 — Texas’ largest power company has a new name, a new CEO and new growth opportunities, thanks to a long-running bankruptcy that wiped out $33 billion in debt.

So here’s what Vistra Energy, parent company for TXU Energy and Luminant, did after emerging from Chapter 11 in October. First, it cut 500 jobs, primarily in Dallas, and slashed other overhead by more than 50 percent. Then it borrowed $1 billion to pay a one-time cash dividend to the hedge funds that own the company.

— Dallas Morning News