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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.