Who owns Energy Future Holdings?

Sempra Energy
Energy Future Holdings/Parent organizations

Is Energy Future Holdings still in business?

The long-running bankruptcy saga of Energy Future Holdings is coming to a close now that Texas has approved the sale of the company’s crown jewel. The Texas Public Utility Commission authorized Sempra Energy’s (SRE) $9.45 billion purchase of Oncor Electric Delivery, the state’s largest utility, on Thursday.

Is TXU owned by Oncor?

TXU Corp. enters a new era as Energy Future Holdings Corp. TXU Energy is the Retail Electric Provider (REP), Oncor is the Transmission and Distribution Utility (TDU), and Luminant is the wholesale electricity generation.

Who bought TXU?

Kohlberg Kravis Roberts & Co.
PHILADELPHIA (Reuters) – Texas power company TXU Corp. TXU. N said on Monday it agreed to be acquired by a group led by private equity firms Kohlberg Kravis Roberts & Co. KKR.

Where is the Energy Future Holdings Corporation located?

Energy Future Holdings Corporation is an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company’s power generation is through coal and nuclear power plants.

When did Energy Future Holdings file for bankruptcy?

The upcoming maturity of a significant amount of debt, coupled with sizable financial losses, had many observers predicting that EFH will ultimately file for bankruptcy, which it did on April 29, 2014. The prominent credit-rating firm Moody’s had called EFH “a financially distressed company with an untenable capital structure.”

When did Energy Future Holdings go private for the first time?

EFH went private in October 2007, through a consortium led by Kohlberg Kravis Roberts & Co., Texas Pacific Group and Goldman Sachs Capital Partners. Sources: FactSet; Forbes.

What was the default rate for Energy Future Holdings?

The recent bankruptcy of Energy Future Holdings did not just lift the overall loan default rate to a four-year high of 4.64% by amount – it also drove up the historical default experience of loans with traditional maintenance tests, relative to those with only incurrence tests. Indeed, EFH’s $19.5 billion loan default pushed the 2008-to-date […]