Hunt-Oncor Marriage on the Rocks Before They've Tied Knot

Energy Future Holdings Corp. was created by the biggest leveraged buyout on record. The electricity supplier’s bankruptcy was the largest ever by any company in the industry. Now it’s making headlines as it tries to get out of Chapter 11.

With less than a month to go before Texas regulators must decide whether to allow a group led by Hunt Consolidated Inc. to buy Energy Future’s Oncor Electric Delivery Co. utility, an unlikely hurdle has been thrown up. By Oncor. The power distributor has raised red flags about key aspects of the deal, which is the cornerstone of the plan to allow Energy Future to emerge from bankruptcy.