Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Dallas-based power company considers bankruptcy

[April 17, 2013]  FORT WORTH, Texas (AP) -- A Dallas-based power company says it may file for Chapter 11 bankruptcy to restructure $32 billion in debt.

Energy Future Holdings said in a filing with the Securities and Exchange Commission that it has discussed with senior creditors the possibility of reducing its debt for "a sustainable capital structure."

Company spokesman Allan Koenig says the filing with the SEC raises speculation that Energy Future Holdings may file for bankruptcy but "doesn't indicate that something is imminent."

The Fort Worth Star-Telegram reports (http://bit.ly/17DE4OY) that the move could have an impact on the company's unregulated subsidiaries, including Luminant Generation, the largest generator of electricity in Texas, and TXU Energy, the state's largest electricity retailer.

The Public Utility Commission of Texas says a bankruptcy filing would not have an impact on supply.

[Associated Press]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.