Energy Future Seeks OK On $11M Texas Tax-Refund Deal

Law360, New York (June 10, 2014, 7:52 PM EDT) -- Electricity giant Energy Future Holdings Corp. asked a Delaware bankruptcy court on Monday to approve an $11.3 million settlement between its Texas subsidiary, TXU Energy Retail Company LLC, and the Texas comptroller, saying the settlement would boost strained customer relations and prevent future litigation over the company's tax credit claims.

If approved, the settlement would finally open the spigot for customers to receive a refund for alleged illegal sales tax collections by TXU Energy, and end a separate class action filed against the company by several...
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