Energy Future Holdings Proposes 2 Options For Reorganizing
Mealey's (July 28, 2015, 1:17 PM EDT) -- WILMINGTON, Del. — Chapter 11 debtor Energy Future Holdings Corp. (EFH) on July 23 filed an amended plan of reorganization that includes two options for emerging from bankruptcy, with the company favoring a plan that includes $12.1 billion of new debt and equity arranged by an ad hoc group and the conversion of EFH into a real estate investment trust (In re: Energy Future Holdings Corp., No. 14-10979, D. Del. Bkcy.).
As with the original plan, EFH still proposes to pay allowed asbestos personal injury claims...