The U.S. Bankruptcy Court presiding over the Energy Future Holdings (EFH) case issued a final decree (a) closing certain Texas Competitive Electric Holdings (TCEH)-related Chapter 11 cases, (b) transferring claims against and interests asserted in the TCEH Debtors to the lead case and (c) granting related relief. The order states that about 40 of the Debtors’ affiliate cases are closed, provided that the Court shall “retain jurisdiction as provided in Article XI of the TCEH Plan.”
In addition, “Claims asserted against and interests in, the Closing Cases shall hereby remain unaffected by entry of this Final Decree, other than that all such claims and interests shall be administered in the chapter 11 case of Texas Competitive Electric Holdings Company, without prejudice to the rights of any claimant regarding Claims asserted and interests asserted in the Closing Cases. The Clerk of the Court shall enter this Final Decree individually on the dockets on each of the Closing Cases and thereafter such dockets shall be marked as ‘Closed’.”
The TCEH Debtors emerged from Chapter 11 protection on October 3, 2016 following an August 26, 2016 confirmation order. TCEH and certain of its subsidiaries, including operating businesses Luminant and TXU Energy, emerged as a stand-alone company effected through the tax-free spinoff from EFH.
Read more EFH bankruptcy news.
The post EFH TCEH Final Decree Issued appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.