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Energy Future Holdings Objections Filed

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Multiple parties – including the U.S. Trustee assigned to the Energy Future Holdings’ (EFH) case, Bank of New York Mellon Trust Company, NextEra Energy Resources, Oracle America and UMB Bank – filed with the U.S. Bankruptcy Court separate objections to the Company’s Third Amended Joint Plan of Reorganization.

The U.S. Trustee asserts, “The T-Side Plan cannot be approved to the extent that it approves the payment of the reasonable fees and expenses of both the EFH and EFIH Indenture trustee without those payments being authorized by the Bankruptcy Code and consistent with prior rulings from this court in these cases. Absent additional evidences or amendments consistent with these concerns, the Court should deny confirmation of the Plan to the extent of this limited objection.”

Read more EFH bankruptcy news.

The post Energy Future Holdings Objections Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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