Big Brown owners file bankruptcy

There will be little impact on Big Brown operations in the wake of Energy Future Holdings (EFH) filing Chapter 11 bankruptcy Tuesday in Delaware.
Dallas-based EFH and certain subsideraries, including Big Brown owner Luminant, filed the voluntary bankruptcy filing after working out an agreement with key creditors to reduce about $40 billion in debt.
“Our existing capital structure has become unsustainable,”  EFH President and CEO John Young said in the company’s press release about the filing Tuesday.
 

 

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