Energy Future plan mediation end date extended three months to Oct. 31

By Caroline Salls

Pittsburgh, July 20 – Energy Future Holdings Corp.’s mediation is now scheduled to end on Oct. 31, pushed back from July 20, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

In May, judge Christopher S. Sontchi ordered plan of reorganization mediation to begin on May 18 and end by July 20. Peter L. Borowitz was appointed as mediator.

Issues being mediated include the terms of the plan related to the restructuring of the TCEH debtors’ estates and the treatment of claims held by the mediation parties against the TCEH debtors’ estates.

The TCEH debtors include Energy Future Competitive Holdings Co., LLC and Texas Competitive Electric Holdings Co., LLC, as well as their subsidiaries.

Borowitz and the mediation parties agreed to the extension. The parties include the official committee of TCEH unsecured creditors, an informal group of TCEH first-lien noteholders, indenture trustees Wilmington Savings Fund Society, FSB and Law Debenture Trust Co. of New York, an informal consortium of TCEH second-lien noteholders and an informal group of TCEH unsecured noteholders.

The results of the mediation will be non-binding.

Energy Future, a Dallas-based power generation company and utility operator, filed bankruptcy on April 29, 2014. The Chapter 11 case number is 14-10979.

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