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Monday, April 15, 2013

Energy Future Proposes Pre-Packaged Bankruptcy of Some Units

Energy Future Holdings Corp., the power producer that was taken private six years ago in the largest leveraged buyout, proposed a pre-packaged bankruptcy that would put Texas Competitive Electric Holdings, which sells power on wholesale markets, and some other units into Chapter 11 reorganization.

http://washpost.bloomberg.com/Story?docId=1376-MLBGRB1A1I4H01-00TMEIMA28U7K02C1SG06S1LAN

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