Energy Future Holdings’ trump card to help it move beyond its current Chapter 11 bankruptcy woes appears to be its prized asset, Oncor Electric Delivery.
Hunt Consolidated recently announced that EFH has selected the proposal of its consortium (which includes among others, Hunt, Anchorage Capital Group, Arrowgrass Capital Partners, Avenue Capital Group, BlackRock, Centerbridge Partners, GSO and the Teacher Retirement System of Texas) as the plan to allow EFH and its subsidiaries to emerge from bankruptcy. If ultimately approved by the bankruptcy court, the Public Utility Commission of Texas and other regulatory agencies, Hunt will then assume operational control of Oncor, EFH’s transmission and distribution arm.
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