CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

North Texas Power Company Considers Bankruptcy

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 North Texas Power Company Considers BankruptcyJIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 North Texas Power Company Considers BankruptcyFunny Faced Cheerleaders

 alt=Musicians Then And Now

452359772 10 North Texas Power Company Considers BankruptcyBikini Model Pictures

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb North Texas Power Company Considers BankruptcyCowboys Cheerleaders

FORT WORTH (AP) – A Dallas-based power company says it is considering filing for Chapter 11 bankruptcy to restructure $32 billion in debt.

The Fort Worth Star-Telegram reports that Energy Future Holdings said in a filing with the Securities and Exchange Commission it has discussed with senior creditors the possibility of reducing its debt to give it “a sustainable capital structure.”

Such a move would impact the company’s unregulated subsidiaries, including Luminant Generation, the largest generator of electricity in Texas. It also would impact TXU Energy, the largest retailer in the state.

Company spokesman Allan Koenig says the filing with the SEC raises speculation that Energy Future Holdings may file for bankruptcy but “doesn’t indicate that something is imminent.”

The Public Utility Commission of Texas says a bankruptcy filing would not impact supply.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

MOST VIEWED GALLERIES