August 22, 2014
A watchdog committee will monitor fee requests coming from the army of lawyers in Energy Future Holdings Corp.'s bankruptcy, according to court papers filed Thursday.
August 13, 2014
A Delaware bankruptcy judge on Wednesday allowed the indenture trustee for a group of junior noteholders in the massive Energy Future Holdings Chapter 11 case to go ahead with an investigation into its allegations that company brass depressed the power giant's value to benefit senior lenders.
August 11, 2014
Bankrupt Energy Future Holdings Corp. said Monday that it would extend its proposed claims bar date by 30 days, responding to criticism from five personal injury law firms that argued the deadline would strip asbestos claimants of their due process rights, but the power giant would not eliminate the cutoff altogether.
August 08, 2014
Energy Future Holdings Corp. on Friday blasted a request to form a second creditors committee in its massive bankruptcy case, arguing that unsecured interests are already adequately represented and that it hopes to shortly secure a restructuring deal that could "significantly increase" unsecured recoveries.
August 06, 2014
Energy Future Holdings Corp. bondholders on Wednesday urged a Delaware bankruptcy judge to scale back a proposed enlargement of its exclusivity period, saying a six-month extension would grant the power giant a "blank check" to work out a new Chapter 11 plan.
August 05, 2014
A Delaware bankruptcy judge ruled Tuesday that information regarding a subsidiary of private equity-owned Energy Future Holdings Inc.'s solvency is discoverable in the context of an adversary action lodged by a group of senior secured noteholders looking for a $665 million payment if the energy giant refinances the notes.
July 24, 2014
Power giant Energy Future Holdings Corp. said Wednesday it is scrapping its prearranged restructuring deal and needs time to develop a new Chapter 11 plan, and asked a Delaware bankruptcy judge to extend its exclusivity periods by six months.
July 23, 2014
Energy Future Holdings Corp. senior noteholders have been barred from fast-tracking their appeal of a settlement repaying $4 billion in first-lien bonds directly to the Third Circuit, a setback for their claim that the pact discriminates among similarly situated creditors.
July 18, 2014
Bankrupt power giant Energy Future Holdings Corp. told a Delaware bankruptcy judge Friday that it is considering tossing its prearranged restructuring plan in the wake of several new proposals, including one just this week from NextEra Energy Inc. and a group of junior noteholders.
July 15, 2014
Bankrupt Energy Future Holdings Corp. is bowing out of an August auction for a Texas coal plant belonging to also-bankrupt Optim Energy LLC, it told a Delaware judge Monday, leaving a field that features Arclight Capital Partners LLC's $82 million stalking-horse bid.