The Dallas Morning News
By JAMES OSBORNE
Tied up in bankruptcy, Energy Future frets over future
Seven years ago — before the bankruptcy filing and the court fights — Energy Future Holdings was a juggernaut within the power business.
The century-old TXU Corp. had been reborn in a $45 billion buyout led by two of Wall Street’s most storied private equity tycoons. Inflated natural gas prices were driving up electricity prices. Construction was moving ahead on three new Energy Future coal plants — outfitted with the latest air cleaning scrubbers.
Late last week, Texas’ largest power company moved to try and regain some of that momentum, announcing it was buying two large natural gas plants in northeast Texas for $1.3 billion. In limbo for the past 19 months as its bankruptcy case winds through …