Information About Our Financial Restructuring
In order to create a sustainable capital structure to better support our high-performing operations, Energy Future Holdings commenced a reorganization under Chapter 11 of the U.S. Bankruptcy Code on April 29, 2014. On December 3, 2015, the United States Bankruptcy Court for the District of Delaware confirmed the company’s plan of reorganization. The plan contemplates a tax-free spin of the company’s competitive businesses, including Luminant and TXU Energy, and the sale of its holdings in Oncor to a consortium of investors. Following the court’s confirmation, the company must also receive regulatory approvals and satisfy various other closing conditions in order to emerge from chapter 11. The regulatory process is expected to extend into the spring of 2016, though final timing is subject to modification.
Please click here to read the Company’s press release regarding plan confirmation.
Additional information regarding our financial restructuring is accessible on the links to the right.
Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. Announce Extension of Early Participation Date and Expiration Date and Availability of Withdrawal Rights in Cash Tender Offer for Second Lien Notes in Connection with Second Lien Notes Settlement [PDF]
Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. Announce Extension of Early Participation Date in Cash Tender Offer for Second Lien Notes in Connection with Second Lien Notes Settlement [PDF]