Bankrupt power giant Energy Future Holdings has finalized a deal with Dallas energy and real estate mogul Ray L. Hunt and his partners to sell its power line subsidiary Oncor, according to a court filing early Monday.
In a deal valued between $18 and $19 billion, Energy Future is making the case the sale of Oncor to a consortium that includes its junior creditors, Hunt Consolidated, investment firms and the Texas teachers’ pension fund will pay off a larger pool of creditors than earlier plans and speed up the rest of the company’s exit from bankruptcy court.
Read more about this story from our partners at The Dallas Morning News.
