July 25, 2017 9:56 AM ET

Company Overview of EFH Australia (No. 2) Holdings Company

Company Overview

EFH Australia (No. 2) Holdings Company was incorporated in 2002 and is based in Dallas, Texas. The company operates as a subsidiary of Energy Future Holdings Corp. On April 29, 2014, EFH Australia (No. 2) Holdings Company filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

1601 Bryan Street

Dallas, TX 75201

United States

Founded in 2002

Key Executives for EFH Australia (No. 2) Holdings Company

President
Age: 63
Compensation as of Fiscal Year 2017.

EFH Australia (No. 2) Holdings Company Key Developments

Eighth Amended Reorganization Plan Filed for EFH and EFIH debtors relating to Energy Future Holdings Corp.

Energy Future Holdings Corporation filed a joint seventh amended plan of reorganization for EFH and EFIH debtors in the US Bankruptcy Court on February 17, 2017. There were no changes is the treatment of different classes of claims in the plan.

Eighth Amended Reorganization Plan of EFH and EFIH debtors Approved for Energy Future Holdings Corp.

The US Bankruptcy Court approved the eighth amended plan of reorganization of EFH and EFIH debtors on February 17, 2017. As per the approved amended plan, administrative claim, professional compensation and priority tax claims shall be paid in full in cash. The TCEH DIP Claims shall either receive payment in full in Cash on the TCEH Effective Date; be satisfied by converting such Claims into New Reorganized TCEH Debt on a dollar-for-dollar basis in accordance with the terms of the New Reorganized TCEH Debt Documents; or such other treatment as Reorganized TCEH and the applicable Holder of the TCEH DIP Claim shall agree. EFIH First Lien DIP Claims shall receive payment in full in Cash by or on behalf of EFIH on the EFH Effective Date. Other Secured Claims against the EFH Debtors shall receive, at the option of the applicable EFH Debtors with the consent of the Plan Sponsor, either; payment in full in Cash with interest, delivery of collateral securing any such Claim or Reinstatement of such Claim. Other Priority Claims against the EFH Debtors shall receive, at the option of the applicable EFH Debtors with the consent of the Plan Sponsor, either; payment in full in Cash or other treatment rendering such Claim Unimpaired. Legacy General Unsecured Claims against the EFH Debtors shall receive Reinstatement of such Claim on the EFH Effective Date. EFH Legacy Note Claims shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool. EFH Un-exchanged Note Claims shall receive, up to the Allowed amount of its Claim its Pro Rata share of the EFH Creditor Recovery Pool; and if the Claims constitute EFH Beneficiary Claims, and solely to the extent of any portion of its Allowed Claim that is not paid in full pursuant to the preceding clause, its Pro Rata share of up to $5.8 million of the TCEH Settlement Claim Turnover Distributions, if any. EFH LBO Note Primary Claims shall receive, up to Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool. EFH Swap Claims shall receive, up to Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool. EFH Non-Qualified Benefit Claims shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool and if the Claims constitute EFH Beneficiary Claims, and solely to the extent of any portion of its Allowed Claim that is not paid in full pursuant to the preceding clause, its Pro Rata share of up to $30 million of the TCEH Settlement Claim Turnover Distributions, if any. General Unsecured Claims Against EFH Corp. shall receive, up to the Allowed amount of its Claim its Pro Rata share of the EFH Creditor Recovery Pool and if the Claims constitute EFH Beneficiary Claims, and solely to the extent of any portion of its Allowed Claim that is not paid in full pursuant to the preceding clause, its Pro Rata share of up to $2 million of the TCEH Settlement Claim Turnover Distributions, if any. General Unsecured Claims against the EFH Debtors Other Than EFH Corp. shall receive, up to Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool. Tex-La Guaranty Claims shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool; provided, however, that in no event shall a Holder of an Allowed Claim receive more than a full recovery on account of its Claim, including any recovery as an Allowed Other Secured Claims Against the TCEH Debtors. TCEH Settlement Claim Allowed in the amount of $700 million shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFH Creditor Recovery Pool less any TCEH Settlement Claim Turnover Distributions. EFH Debtor Intercompany Claims shall be, at the option of the EFH Debtors with the consent of the Plan Sponsor, either Reinstated or canceled and released without any distribution on account of such Claims. Interests in the EFH Debtors Other Than EFH Corp. shall be, at the option of the EFH Debtors with the consent of the Plan Sponsor, either Reinstated or canceled and released without any distribution on account of such Claims. Interests in EFH Corp. shall be canceled and released without any distribution on account of such Interests. Other Secured Claims Against the EFIH Debtors shall receive, at the option of the applicable EFH Debtors with the consent of the Plan Sponsor, either; payment in full in Cash with interest, delivery of collateral securing any such Claim or Reinstatement of such Claim. Other Priority Claims against the EFIH Debtors shall receive, at the option of the applicable EFIH Debtors with the consent of the Plan Sponsor, either, payment in full in Cash or other treatment rendering such Claim Unimpaired. EFIH First Lien Note and EFIH Second Lien Note Claims shall receive, up to the Allowed amount of its Claim, payment in full in Cash. EFH LBO Note Guaranty Claims shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFIH Unsecured Creditor Recovery Pool; provided, however, that in no event shall a Holder of an Allowed Claim receive more than a single satisfaction of such Allowed Claim, including any recovery received on account of an Allowed Claim in EFH LBO Note Primary Claims class. General Unsecured Claims Against the EFIH Debtors shall receive, up to the Allowed amount of its Claim, its Pro Rata share of the EFIH Unsecured Creditor Recovery Pool; provided further that if Class B6 votes in favor of the Plan, all Holders of EFIH Unsecured Notes Claims will be bound by the terms of the PIK Settlement and all Holders of EFIH Unsecured Notes Claims will be barred from seeking additional recovery on account of any Makewhole Claims or Claims arising in connection with the accrual of postpetition interest. EFIH Debtor Intercompany Claims shall be, at the option of the EFIH Debtors with the consent of the Plan Sponsor, either Reinstated or canceled and released without any distribution on account of such Claims. Non-EFIH Debtor Intercompany Claims shall be canceled and released without any distribution on account of such Claims. Interest in EFIH shall be reinstated. Interests in EFIH Finance shall be canceled and released without any distribution on account of such Interests. The plan shall be funded through Cash on hand at EFH Corp. and EFIH; the Plan Sponsor Cash Amount (which, for the avoidance of doubt, shall not be reduced or increased pursuant to the PIK Settlement and for the avoidance of doubt shall be calculated in accordance with the terms set forth in the Merger Agreement); the Reorganized EFH Common Stock, including such stock in the Makewhole Stock Reserve (which Reorganized EFH Common Stock shall convert into the right to receive NextEra Common Stock at the Merger Effective Time).

Motion for Asset Sale Approved for Energy Future Holdings Corp.

The US Bankruptcy Court approved the sale of certain assets of Energy Future Holdings Corp. on January 23, 2017. As per the order, debtor has been authorized to sell certain assets to Prairie State Generating Company, LLC for $4 million, as per the agreement dated January 5, 2017. Buyer will pay $1.50 million of the purchase price on or before the closing date, $1 million on or before January 31, 2018, $0.75 million on or before January 31, 2019, $0.50 million on or before December 31, 2019 and $0.25 million on or before December 31, 2020.

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