Electric Company In Texas Bankruptcy

: Chris Lee Law Firm

  Filed under: News

energyEnergy  Future Holdings Corp. has already faced a rocky road since it filed for Texas bankruptcy just a week  ago. Still being considered worth billions, experts agree the company is nowhere near what it was worth when investors bought in back in 2007. Now in the midst of a Chapter 11 case, the future of the company is promising, yet daunting.

Big Players

Energy Future Holdings has three big operations, all of which are the states dominate players in the power industry. Luminant is the state’s biggest power generator, TXU is the largest retailer, and Oncor is the power lines operate for most of the northern part of the state. Luminant and TXU are likely to be put up for sale, with the possibility of bringing in over $25 billion.

Leaving Oncor out of the bankruptcy sale could mean that Energy Future Holdings come away with a large portion of the shareholding for that portion. The remainder of the Chapter 11 case would probably result in senior creditors taking possession of Luminant and TXU Energy.

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