Home / News Releases / Energy Future Holdings Corp. Announces Extension of Exchange Offer for its 10.000% Senior Secured Notes due 2020

Energy Future Holdings Corp. Announces Extension of Exchange Offer for its 10.000% Senior Secured Notes due 2020


DALLAS – March 1, 2011 – Energy Future Holdings Corp. (“EFH Corp.”) announced today that it is extending the expiration date for its exchange offer (the “Exchange Offer”) to exchange $1,060,757,000 aggregate principal amount of its 10.000% Senior Secured Notes due 2020 (the “Exchange Notes”), which have been registered under the Securities Act of 1933, as amended, for any and all of its outstanding 10.000% Senior Secured Notes due 2020 (the “Outstanding Notes”), to 5:00 p.m., New York City time, on March 4, 2011. The Exchange Offer is being conducted upon the terms and subject to the conditions set forth in the prospectus (the “Prospectus”) and accompanying letter of transmittal (the “Letter of Transmittal”) relating to the Exchange Offer.

The Exchange Offer was originally scheduled to expire on March 1, 2011. As of 5:00 p.m., New York City time, on February 28, 2011, approximately $601.3 million principal amount, or approximately 57%, of the Outstanding Notes had been validly tendered for exchange in the Exchange Offer and not validly withdrawn.

Except as described herein, the terms of the Exchange Offer remain unchanged. This press release is not an offer to exchange Exchange Notes for Outstanding Notes or the solicitation of an offer to exchange, which EFH Corp. is only making through the Prospectus.

Copies of the Prospectus and the Letter of Transmittal will be made available to all holders of Outstanding Notes free of charge and may be obtained from The Bank of New York Mellon Trust Company, N.A., the Exchange Agent for the Exchange Offer, at (212) 815-5920. The Prospectus and the Letter of Transmittal are also available free of charge at the SEC’s website at www.sec.gov.

* * *

About Energy Future Holdings

EFH is a Dallas-based holding company engaged in competitive and regulated energy market activities, primarily in Texas. Its portfolio of competitive businesses consists primarily of TXU Energy, a retail electricity provider with approximately 2 million customers in Texas, and Luminant, which is engaged largely in power generation and related mining activities, wholesale power marketing and energy trading. Luminant has approximately 15,400 MW of generation in Texas, including 2,300 MW fueled by nuclear power and 8,000 MW fueled by coal. Luminant is also the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. EFH’s regulated operations consist of Oncor, which operates the largest electricity distribution and transmission system in Texas with more than three million delivery points, 103,000 miles of distribution conductors and 15,000 miles of transmission lines. While EFH indirectly owns approximately 80 percent of Oncor, the management of Oncor reports to a separate board with a majority of directors that are independent from EFH.

Forward Looking Statements

This press release contains forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially from management’s current projections, forecasts, estimates and expectations. All statements, other than statements of historical facts, that are included in this press release that address activities, events or developments that EFH Corp. expects or anticipates to occur in the future, including the Exchange Offer (often, but not always, through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “projection,” “target,” “goal,” “objective,” and “outlook”), are forward-looking statements. Although EFH Corp. believes that in making any such forward-looking statement its expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and is qualified in its entirety by reference to the discussion of risk factors in the Prospectus and EFH Corp.’s reports filed with the SEC (including the sections entitled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Forward-Looking Statements” contained therein).


Related Links
Click here for the complete news release.

Investor Relations
Rima Hyder

Charles Norvell

Corporate Communications
Lisa Singleton