With Oncor Fate Uncertain, Energy Future Holdings Files New Bankruptcy Exit Plan
May 02,2016
Energy Future Holdings has filed a new plan to exit from bankruptcy amid doubts on whether a previously contemplated sale of Oncor to Hunt Consolidated and other investors will close
As in the previous bankruptcy plan, TXU Energy and Luminant would be spun off to credits. However, Reuters reports that, unlike under the original plan, creditors could take control of these businesses prior to completion of any disposition of Oncor.
The new plan contemplates that Oncor could be sold, including to Hunt or another suitor, or be transferred to certain creditors.
