October 25, 2018
A Delaware bankruptcy judge signed an order Thursday to release a $275 million reserve to unsecured creditors in Energy Future Holdings Inc.'s Chapter 11 after the Third Circuit denied a request to reconsider its ruling that the company didn't have to pay a termination fee after its deal with NextEra Energy Inc. fell apart last year.
September 28, 2018
NextEra Inc. is pushing the Third Circuit for en banc rehearing of a decision this month agreeing that the bankrupt Energy Future Holdings Inc. should be freed from paying a $275 million termination fee after its deal to sell NextEra its share of a power distribution system fell apart.
September 13, 2018
A divided Third Circuit panel on Thursday upheld a decision relieving the bankrupt Energy Future Holdings Inc. from paying a $275 million termination fee after a deal to sell its interest in a power distribution system to NextEra Inc. failed to win approval from Texas utility regulators.
April 19, 2018
NextEra Inc. urged the Third Circuit on Thursday to reinstate a $275 million termination fee it won after its deal to buy assets from Dallas-based Energy Future Holdings Inc.'s Chapter 11 estate fell through, arguing that there was no manifest error plaguing the award that warranted its later reversal.