Followers | 241 |
Posts | 12151 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Saturday, November 19, 2016 10:53:29 AM
Upon receipt of regulatory approvals and emergence, Reorganized TCEH, including Luminant, TXU Energy and supporting business services, to operate as stand-alone company poised to benefit from a strong balance sheet and enviable positioning in Texas’ competitive energy market.
DALLAS – August 26, 2016 – Energy Future Holdings today announced that the United States Bankruptcy Court for the District of Delaware has confirmed Texas Competitive Energy Holdings’ amended plan of reorganization, which contemplates a tax-free spin of the company’s competitive businesses, known as TCEH and including Luminant and TXU Energy, along with supporting business services.
In addition to court approval, the company has already received a majority of the key regulatory approvals required for emergence, with a final approval from the Railroad Commission of Texas anticipated in September. Upon receipt of that approval, Luminant, TXU Energy and EFH Business Services, which will collectively be known as “Reorganized TCEH” in the short-term, can then emerge soon thereafter.
EFH and Energy Future Intermediate Holdings, which owns an indirect 80 percent interest in Oncor, continues to be in the Chapter 11 restructuring process. The confirmation hearing related to emergence for these assets is slated to begin Dec. 1.
https://www.energyfutureholdings.com/court-confirms-texas-competitive-energy-holdings-amended-plan-of-reorganization/
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent VST News
- TXU Energy Announces Recipients of 2024 Energy Leadership Awards • PR Newswire (US) • 09/19/2024 02:26:00 PM
- Vistra to Acquire Equity Interests of Vistra Vision LLC from Minority Investors • PR Newswire (US) • 09/18/2024 09:00:00 PM
- Vistra Partners With Sunrun on Residential Battery Aggregation Program • PR Newswire (US) • 09/11/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 08:36:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/13/2024 08:07:38 PM
- TXU Energy and Ford Team Up to Offer Daily Free Home Charging Hours • PR Newswire (US) • 08/12/2024 12:51:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 11:13:01 AM
- Vistra Reports Second Quarter 2024 Results • PR Newswire (US) • 08/08/2024 11:00:00 AM
- U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall • IH Market News • 08/08/2024 09:55:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 11:18:52 PM
- Vistra Declares Dividend on Common Stock and Series A Preferred Stock • PR Newswire (US) • 07/31/2024 10:30:00 PM
- Vistra Publishes 2023 Sustainability Report Highlighting Accelerated Portfolio Transformation & Responsible Decarbonization • PR Newswire (US) • 07/31/2024 05:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 10:07:00 AM
- Vistra Receives Approval to Operate Comanche Peak Nuclear Plant Through 2053 • PR Newswire (US) • 07/30/2024 08:11:00 PM
- Homefield Energy Contracts with U.S. General Services Administration to Advance Sustainability Goals • PR Newswire (US) • 07/30/2024 02:00:00 PM
- Vistra to Report Second Quarter Results on Aug. 8, 2024 • PR Newswire (US) • 07/16/2024 08:30:00 PM
- Vistra Pledges $1 Million to Aid Customers and Communities Impacted by Hurricane Beryl • PR Newswire (US) • 07/15/2024 03:11:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/12/2024 08:06:29 PM
- BP Slashes Profit Forecast by $700 Million; Morgan Stanley Predicts S&P 500 10% Drop, and More News • IH Market News • 07/09/2024 10:54:32 AM
- Vistra Announces Plans to Add Up to 2,000 MW of Gas-Fueled Dispatchable Power in ERCOT • PR Newswire (US) • 05/30/2024 08:00:00 PM
- TXU Energy Announces Recipients of 2024 Energy Leadership Awards • PR Newswire (US) • 05/22/2024 07:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:37:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:35:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:29:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 11:01:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM