Energy Future Holdings creditors to meet, but no deal close - Reuters

Creditors of Energy Future Holdings will meet this week to discuss strategies for restructuring the fraught power giant, but they are still a long way from a deal, writes Reuters. The Texas utility has been trying to cut a deal with secured lenders before filing for bankruptcy, which it is expected to do before year's end as it faces $40 billion in debt and a looming Nov. 1 interest payment.

18 September 2013•3 mins read
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