Is Energy Future Holdings Preparing for Bankruptcy? Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Is Energy Future Holdings Preparing for Bankruptcy?
 


23 August 2012 at 8:41:54 AM
salon

Unfair Park

Debt raters like Moody's Investors Service have been saying for a while now that Energy Future is rearranging deck chairs. They can't keep losing $700 million a quarter forever. And so, analysts who spoke to Bloomberg on Thursday speculate Energy Future is preparing for the inevitable. Part of that preparation involves making sure the parent company doesn't owe its ailing subsidiary any money, which it did until recently, to the tune of $680 million. That would explain why Energy Future announced the issuance of $750 million in junk bonds last week to settle up that debt. See, the loan was secured by Oncor, Energy Future's power-line company and the bright spot in its quarterly reports. The last thing they want is the contagion of Texas Competitive's bankruptcy to infect Oncor and the parent company.


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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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