Reuters: Court Ruling Puts Energy Future Holdings Bankruptcy Plan In Doubt
November 18,2016
A U.S. appeals court has ordered that Energy Future Holdings must pay certain noteholders for early redemption of notes during its bankruptcy under make-whole provisions, which Reuters called a "blow" to the company's plan to exit bankruptcy
The ruling could require EFH to pay the noteholders' claims of about $800 million
The Wall Street Journal similarly noted that the ruling could "roil" EFH's Chapter 11 exit plan, though it noted that impact, if any, on NextEra Energy's deal to acquire EFH and Oncor is unclear