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Energy Future plan unanimously accepted by seven of 11 voting classes
By Caroline Salls
Pittsburgh, Nov. 1 – Energy Future Holdings Corp.’s plan of reorganization was unanimously accepted by seven of 11 voting creditor classes, according to a ballot report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, the plan was accepted by all 18 holders of $1.67 million in Energy Future Holdings unexchanged note claims, all 16 holders of $60.26 million in Energy Future Holdings LBO note primary claims, all six holders of $9.53 million in Energy Future Holdings swap claims, all 13 holders of $510,746 in Energy Future Holdings general unsecured claims and the two holders of $3,980,744,541 in Energy Future Holdings TCEH settlement claims.
In addition, the plan was accepted by the lone holder of $440 in LSGT Gas Co. LLC claims and all 16 holders of $60.26 million in Energy Future Intermediate Holding Co. LLC LBO note guaranty claims.
A total of 50 holders, or 94.34% in number, of $565.49 million, or 99.96% in amount, of Energy Future Holdings legacy note claims voted to accept the plan, while three holders, or 5.66% in number, of $216,411, or 0.04% in amount, of these claims voted to reject it.
A total of 41 holders, or 97.62% in number, of $16.02 million, or 99.99% in amount, of Energy Future Holdings non-qualified benefit claims voted to accept the plan, while one holder, or 2.38% in number, of $1,776, or 0.01% in amount, of these claims voted to reject it.
A total of 30 holders, or 96.77% in number, of $1.6 million, or 99.93% in amount, of both EFIH Finance Inc. and Energy Future Intermediate Holding Co. LLC general unsecured claims voted to accept the plan, while one holder, or 3.23% in number, of $1.05 million, or 0.07% in amount, of these claims voted to reject it.
Energy Future is a Dallas-based power generation company and utility operator. The company filed for bankruptcy on April 29, 2014. The Chapter 11 case number is 14-10979.
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