UPDATE 1-Texas power company Energy Future proposes prepackaged bankruptcy

Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal has been reached, the company said on Monday.

http://www.reuters.com/article/2013/04/15/energyfuture-filing-idUSL2N0D22GG20130415?feedType=RSS&feedName=financialsSector