September 27, 2016 9:33 PM ET

Gas Utilities

Company Overview of Luminant Energy Company LLC

Company Overview

Luminant Energy Company LLC distributes natural gas in Texas. It also provides scheduling and nomination services. Luminant Energy Company LLC was formerly known as TXU Portfolio Management Company, LP and changed its name to Luminant Energy Company LLC in October 2007. The company was founded in 2001 and is based in Dallas, Texas. Luminant Energy Company LLC operates as a subsidiary of Luminant Holding Company LLC. On April 29, 2014, Luminant Energy Company LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

1601 Bryan Street

Suite 34-068

Dallas, TX 75201

United States

Founded in 2001

Phone:

214-812-4600

Fax:

214-812-7077

Key Executives for Luminant Energy Company LLC

Chief Executive Officer
Age: 46
Chairman of TXU Energy Retail Company LLC, Chief Executive Officer of TXU Energy Retail Company LLC, and President of Txu Energy Retail Company LLC
Age: 48
Compensation as of Fiscal Year 2016.

Luminant Energy Company LLC Key Developments

Fourth Amended Joint Reorganization Plan and Disclosure Statement Filed by Energy Future Holdings Corp.

Energy Future Holdings Corp. filed a joint fourth amended plan of reorganization and related disclosure statement as it applies to the EFH debtors and EFIH debtors in the US Bankruptcy Court on September 21, 2016. As per the plan, the debtor has amended the terms for the sale of substantially all its assets to NextEra Energy, Inc. As per the amended terms of the sale, the purchase price has been increased from $18.4 million to $18.7 million. There shall be no other changes in the treatment of any other claim class.

First Amended DIP Financing Approved for EFIH Debors of Energy Future Holdings Corp.

The US Bankruptcy Court gave an amended order to Energy Future Holdings Corp. to obtain DIP financing on September 20, 2016. As per the amended order, the commitment under the facility has been increased by $75 million and the DIP maturity date has been modified from December 19, 2016 to June 30, 2017.

Motion for Asset Sale Approved for Energy Future Holdings Corp.

The US Bankruptcy Court gave an order approving the sale substantially all the assets of Energy Future Holdings Corp. on September 19, 2016. The debtor has been authorized to sell substantially all its assets to NextEra Energy, Inc. for a purchase price of $18.7 billion, as per the revised terms of the asset purchase agreement. The transaction is expected to close in the first quarter of 2017. Adam G. Landis and Matthew B. McGuire of Landis Rath & Cobb LLP acted as the legal advisor for NextEra Energy and Kirkland & Ellis LLP acted as the legal advisor to Energy Future Holdings Corp.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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