Energy Future Gets Green Light For First-Day Motions

Law360, Wilmington (May 2, 2014, 10:10 PM EDT) -- A Delaware bankruptcy judge on Friday authorized Energy Future Holdings Corp. to lay out hundreds of millions of dollars, blessing a slate of motions designed to keep the private equity-owned power company running smoothly through one of the largest Chapter 11 cases in U.S. history.

At a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi signed off on pleadings that allow the Dallas-based debtors to maintain crucial hedging agreements and pay employees, taxes and critical vendors, among other things.

Judge Sontchi, who approved more than...
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