Energy Future plan hearings scheduled to begin on Aug. 17 and Sept. 26

By Caroline Salls

Pittsburgh, May 24 – Energy Future Holdings Corp.’s Texas Competitive Electric Holdings Co. LLC (TCEH) debtors’ plan confirmation hearing is scheduled to begin on Aug. 17, and the hearing on confirmation of the “E-side” debtors will begin on Sept. 26, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, Energy Future filed a new plan of reorganization and related disclosure statement earlier this month after its previous plan support agreement, merger and purchase agreement and backstop agreement were terminated.

The court said in Tuesday’s scheduling order that separate confirmation hearings would allow the TCEH debtors and their supporting first-lien creditors to prosecute the new plan for those debtors “if any of the E-side debtors are unable to prosecute, confirm or consummate the plan as it relates to such E-side debtors.”

The TCEH debtors’ disclosure statement hearing will begin on June 16, and the E-side debtors disclosure statement hearing will start on July 21.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.