What's the Latest on Energy Future Holdings Debt Problems? Oct 14 2011Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

What's the Latest on Energy Future Holdings Debt Problems? Oct 14 2011
 


14 October 2011 at 5:30:58 PM
salon

From Sep 2011

It’s unlikely Luminant has the cash to make the sort of investments it needs to reduce its coal-fired pollution. Its parent company, Energy Future Holdings, is struggling with mountains of high-priced debt from its ill-timed $43 billion buyout by two private equity firms in 2007.

That deal resulted from an unintended consequence of deregulation that made coal a profit machine. Electricity rates are tied to natural gas, and for most of the past decade, coal enabled companies to generate more cheaply, fattening their margins.

From June 2011- Warren Buffett and EFH

Buffett, by not swapping and holding on to loans that have principal due in 2015 and 2016, can in a few years give Kravis headaches.

"He has the ability to drive the [unregulated part of the] company into bankruptcy, but it would be cutting off his nose to spite his face," the strategist said.

Regardless, Energy Future Holdings may be facing a cash crunch in 2015 that could force the TCEH subsidiary into bankruptcy, the strategist said.

Buffett, who has compared private equity barons to porn shop operators, has clashed with Kravis before.

 

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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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