RechargeTexas.com
Energy Future Holdings faces the prospect of bankruptcy — perhaps in just a few weeks. How is it that the state’s largest electric company now finds itself in such dire straits? And how would an EFH financial collapse impact you?
The Texas Coalition for Affordable Power has released a new Snapshot Report on the plight of the north Texas electricity giant. You can find the brief examination here. In just a few short pages it provides all the quick facts you need to understand this important business story, plus key historical context.
EFH was formed in 2007, after a group of investors leveraged more than $40 billion in debt to acquire the former TXU Corporation. It was the largest leveraged buyout in history.
The background brief provides a quick history of the buyout, and also examines the three…