July 31, 2017
Energy Future Holdings Corp.'s largest creditor, hedge fund Elliott Management Corp., on Saturday asked a Delaware bankruptcy court to reconsider the $275 million breakup fee it approved nearly a year ago for the proposed NextEra Energy Inc. sale deal later rejected by Texas utility regulators.
July 26, 2017
The Delaware bankruptcy judge presiding over Energy Future Holdings Corp.'s Chapter 11 on Wednesday gave its largest creditor more time to come up with a topping offer to Berkshire Hathaway's $9 billion sale bid, but did not extend the timeline beyond the point when Warren Buffet's conglomerate says it would walk.
July 21, 2017
The largest creditor of bankrupt Energy Future Holdings Corp. received court approval Friday in Delaware for its discovery request seeking information about the deadlines included in a $9.1 billion acquisition offer from Warren Buffet's Berkshire Hathaway ahead of a scheduling conference on the sale proposal.
July 12, 2017
Energy Future Holdings Corp.'s purportedly largest creditor threw down the gauntlet Wednesday, arguing it was kept out of the loop on the proposed sale to Warren Buffet's Berkshire Hathaway it contends comes with an "unconfirmable" Chapter 11 plan, and pushing its own possible alternative or another marketing process.
June 26, 2017
A Delaware bankruptcy judge gave Energy Future Holdings Corp. the nod Monday for up to $6.3 billion in replacement debtor-in-possession financing aimed at preventing a jam when its current post-petition loan matures in four days and covering the power giant if its historic case stretches into 2018.
June 06, 2017
Acknowledging a risk that its Chapter 11 case could drag into 2018, Energy Future Holdings Corp. on Tuesday sought court approval to refinance and extend and increase its soon-to-mature post-petition debt to as much as $6.3 billion, including $825 million in new first-lien debt.
May 19, 2017
Sweeping document requests from a hedge fund group pressing for an alternative Chapter 11 solution to twice-confounded Energy Future Holdings Corp. were blocked Friday, with a Delaware bankruptcy judge saying the burden outweighed a likely scant return.
May 11, 2017
One of the largest creditors in Energy Future Holdings Corp.'s case asked the Delaware bankruptcy court Thursday to clear a path for it to propose an alternative Chapter 11 plan after two exit attempts have hit roadblocks, arguing the power giant is trying to maintain "vise-like control" over the case.
April 26, 2017
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.
April 17, 2017
Energy Future Holdings Corp. and NextEra Energy Inc. told the Delaware bankruptcy court Monday that they "remain committed" to closing their $18 billion deal that was rejected last week by Texas utility regulators, but those efforts might need to include another run at a Chapter 11 plan confirmation.