EFH- Scrapping Bankruptcy Auction to Pursue Reorganization- June 25 2015Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

EFH- Scrapping Bankruptcy Auction to Pursue Reorganization- June 25 2015
 


25 June 2015 at 11:46:14 PM
salon

Reuters

Energy Future has proposed splitting itself in two. The Luminant power generating business and its TXU retail utility would be spun off to the senior creditors of those units, while the parent would retain its stake in Oncor, which operates the largest power distribution system in Texas.

and

The company's bankruptcy plans have been strenuously opposed by a group of junior creditors of the TXU and Luminant side of the business, who are pushing their own proposal.

The junior creditors prefer to convert the Oncor investment into a real estate investment trust, which tend to be highly valued by investors.

 

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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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