September 26, 2016 10:00 AM ET

Company Overview of TXU Retail Services Company

Company Overview

TXU Retail Services Company was incorporated in 2006 and is headquartered in Dallas, Texas. TXU Retail Services Company operates as a subsidiary of TXU Energy Retail Company LLC. On April 29, 2014, TXU Retail Services Company filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

1601 Bryan Street

Energy Plaza

Dallas, TX 75201

United States

Founded in 2006

Phone:

214-812-4600

Key Executives for TXU Retail Services Company

Chairman, Chief Executive Officer and President
Age: 48
Chief Financial Officer
Age: 47
Chief Executive Officer of EFH Corp and President of EFH Corp
Age: 60
Principal Accounting Officer and Senior Vice President
Age: 68
Compensation as of Fiscal Year 2016.

TXU Retail Services Company 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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