|Quilling, Selander, Lownds, Winslett and Moser Attorney Linda LaRue quoted in The Dallas Morning News article |
Analysts: TXU-Luminant bankruptcy possible in next year
|October 6, 2012 11:48 pm|
The Dallas Morning News:
Recent moves by Energy Future Holdings indicate to some analysts the company may put a business unit through bankruptcy as early as next year.
Some analysts wonder whether EFH might untangle Texas Competitive Electric Holdings unit, which owns TXU Energy retail and Luminant wholesale, and let the unit file for bankruptcy. The speculation comes as the Dallas power company faces $37 billion in long-term debt and declining revenue.
Signs of restructuring
EFH executives might sell assets, negotiate with lenders for more time, or file for bankruptcy. The private equity investors could put up the money to pay lenders.
Linda LaRue, a Dallas bankruptcy and real estate lawyer with Quilling, Selander, Lownds, Winslett and Moser PC, said: "It creates another layer of complexity in your case if you have an active pension plan."
© 2012, The Dallas Morning News Inc.
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