Nextera Seeks Hold On $275M For EFH Ch. 11 Sale Fee Appeal

Law360, Wilmington (December 7, 2017, 5:26 PM EST) -- NextEra Energy Inc. urged a Delaware bankruptcy court to set aside $275 million of Energy Future Holdings Corp.'s cash late Wednesday during an appeal from a judge’s flip-flop on rights to an equal-size termination fee award in NextEra’s scuttled EFH purchase.

In a reply to objections filed by EFH and its creditors, NextEra argued that a balancing of potential harms favored Judge Christopher S. Sontchi’s approval of the stay. The judge earlier this year approved and then reconsidered and denied payment of the $275 million deal...
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