Energy Future filed for bankruptcy in April, listing $49.7 billion in debt. A plan negotiated with senior lenders to split the Dallas-based company in two and give each piece to a different group of creditors was abandoned last month in the face of opposition by lower-ranking debt holders.
One program would pay as much as $7.93 million next year to 26 executives. The other would pay as much $2.56 million beginning later this year to 19 employees the company considers “key leaders.” The proposal, which needs approval by U.S. Bankruptcy Judge Christopher Sontchi, doesn’t say how many of the executives may be eligible for both.
