Energy Future Holdings Corp.

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Case overview

Case Number:

1:14-bk-10979

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 07, 2014

    Federal Ch. 11 Watchdog Stays Resolute Against Bonuses

    Energy Future Holdings Corp. will seek permission Wednesday to dole out $20 million in executive bonuses despite protests from the U.S. government's bankruptcy watchdog, which attorneys say remains fiercely opposed to such payments regardless of whether creditors approve.

  2. October 06, 2014

    Investors Say Fidelity Broke Deal To Sell $423M In EFH Notes

    Investment managers including Avenue Capital Management II LP and GSO Capital Partners LP launched an adversary suit Monday alleging Fidelity Investments reneged on a prepetition deal to sell $423 million of notes in bankrupt Energy Future Holdings Corp.

  3. October 03, 2014

    US Trustee Slams EFH's $20M Exec Bonus Request

    The federal government's bankruptcy watchdog objected on Thursday to Energy Future Holdings Corp.'s plans to hand top executives up to $20 million in bonuses, saying the payments are tied to financial targets so low they provide no performance incentive.

  4. October 02, 2014

    $7B Tax Bill Could Force Energy Future Into Ch. 7

    Energy Future Holdings Corp. told a Delaware bankruptcy court on Wednesday that it may be forced to scrap plans to reorganize under Chapter 11 and instead liquidate under Chapter 7 because the sale of its assets could generate a tax bill of up to $7 billion, which the company cannot pay.

  5. September 25, 2014

    EFH Bondholders Say $4B Tender Opens 'Pandora's Box'

    Energy Future Holdings Corp. senior bondholders urged an appellate judge on Tuesday to undo a settlement that partially repaid $4 billion in debt through a tender offer, arguing that such offers have no place in Chapter 11 proceedings.

  6. September 17, 2014

    Thompson & Knight To Rep EFH On Tax Issues In Ch. 11

    Energy Future Holdings Corp. has tapped Thompson & Knight LLP to represent it on tax issues as it undergoes Chapter 11 restructuring and a bidding war for its assets, the law firm said Wednesday. 

  7. September 16, 2014

    EFH Gets Exclusivity Extension, Touts 'Bidding War'

    A Delaware bankruptcy judge on Tuesday blessed Energy Future Holdings Corp.' request for an extended exclusivity period, providing additional time for the power giant to finish work on a new Chapter 11 plan it said has already sparked a "bidding war" for certain assets.

  8. September 12, 2014

    EFH Slams Bondholders' Bid To Limit Exclusivity Extension

    Energy Future Holdings Corp. urged a Delaware bankruptcy judge Thursday to lengthen its exclusivity period into February, contending a shorter extension sought by certain bondholders would not give the power giant sufficient time to develop a new Chapter 11 plan.

  9. September 02, 2014

    EFH Gets Creditors' Support For Exclusivity Extension

    Energy Future Holdings Corp. reached a deal on Friday that brings various creditors on board with the bankrupt energy giant's bid for a lengthened exclusivity period and promises those creditors advance notice of any Chapter 11 plan.

  10. August 28, 2014

    EFH Says Proposal For Ch. 11 Auction Process Coming Soon

    Power giant Energy Future Holdings Corp. said Wednesday that within weeks it intends to unveil to the Delaware bankruptcy court details of a plan to auction off the equity in a reorganized company, a day after NextEra Energy Inc. withdrew its proposal for a comprehensive reorganization.