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Energy Future favors Hunt debt repayment plan to exit bankruptcy

2015-07-24 18:39:24| Oil & Gas - Topix.net

As Energy Future Holdings Corp nears a deadline for ending its bankruptcy, Texas's largest power company has crowned a group supported by Hunt Consolidated Inc as the new leader in the effort to craft the best plan. Hunt has teamed up with junior creditors of Energy Future Holdings to raise about $12.1 billion to repay the power company's debt and convert its power distribution business, known as Oncor, into a real estate investment trust, or REIT.

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