Del. Trust Again Argues It's Due Larger Share Of EFH Pie
Law360, Wilmington (April 26, 2017, 6:32 PM EDT) -- First-lien lenders of Energy Future Holdings Corp. clashed Wednesday in the First State, with Delaware Trust Co. reviving its contention it is due a boost to its recovery share — a notion the bankruptcy court previously rejected — now that the power giant's Chapter 11 exit strategy has changed.
During a hearing in Wilmington, Delaware Trust, the first-lien indenture trustee for EFH's former major operating affiliate, Texas Competitive Electric Holdings Co. LLC, pressed its argument that the collapse of the power giant's first Chapter 11 plan a year ago and the debtor's subsequent exit strategy reopen the creditor's contentions about how...
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