For well over a year, Energy Future Holdings has been caught up in a marathon Chapter 11 bankruptcy. But now the company is finally starting to head toward the home stretch with the recent scheduling of its confirmation hearing, which will take place on Nov. 3. The case, which involves Texas’ biggest electric power company, has dragged on with a multitude of creditors filing thousands of court documents.
U.S. Bankruptcy Judge Christopher Sontchi recently signed an order setting the confirmation hearing, which will include consideration of the settlement motion. Since April 2014, Dallas-based Energy Future has been entangled in the bankruptcy suit filed in Delaware. Energy Future, formerly TXU Corp., is a privately held energy company with a portfolio of competitive and regulated energy companies. The bankruptcy filing includes Energy Future Holdings and several of its subsidiaries, including TCEH (the holding company for the company’s competitive businesses, including Luminant and TXU Energy) and Energy Future Intermediate Holding Co. (EFIH), which is the holding company for the parent company’s regulated business.
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