Company Overview of TCEH Finance, Inc.
TCEH Finance, Inc. was incorporated in 2007 and is based in Dallas, Texas. TCEH Finance, Inc. operates as a subsidiary of Texas Competitive Electric Holdings Company LLC.
1601 Bryan Street
Dallas, TX 75201-3411
Founded in 2007
Key Executives for TCEH Finance, Inc.
Chairman, Chief Executive Officer and President
Chief Financial Officer, Executive Vice President and Director
Principal Accounting Officer, Senior Vice President and Controller
Compensation as of Fiscal Year 2016.
TCEH Finance, Inc. Key Developments
Fourth Amended Joint Reorganization Plan and Disclosure Statement Filed by Energy Future Holdings Corp.
Sep 21 16
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.
Sep 20 16
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.
Sep 19 16
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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