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February 11, 2016 2:25 PM ET

Company Overview of Martin Lake 4 Power Company LLC

Company Overview

Martin Lake 4 Power Company LLC was incorporated in 2006 and is headquartered in Dallas, Texas. On April 29, 2014, Martin Lake 4 Power Company LLC filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. Martin Lake 4 Power Company LLC operates as a subsidiary of Luminant Holding Company LLC. It is in joint administration with Energy Future Holdings Corporation.

1601 Bryan Street

Energy Plaza

Dallas, TX 75201

United States

Founded in 2006

Phone:

214-812-4600

Fax:

214-812-7077

Key Executives for Martin Lake 4 Power Company LLC

Chairman and Chief Executive Officer
Age: 47
Principal Financial Officer and Senior Vice President
Principal Accounting Officer and Senior Vice President
Age: 67
Compensation as of Fiscal Year 2015.

Martin Lake 4 Power Company LLC Key Developments

Sixth Amended Reorganization Plan Approved for Energy Future Holdings Corp.

The US Bankruptcy Court approved the sixth amended plan of reorganization of Energy Future Holdings Corp. on December 7, 2015. The debtor has filed its amended plan in the Court on December 1, 2015. As per the plan filed, Administrative Claims of $2.7 billion, Statutory Fees, Priority Tax Claims, Other Priority Claims, EFIH First Lien DIP Claims of $5.4 billion, Professional Fee Claims, TCEH DIP Claims of $3.38 billion, EFIH First Lien Note Claims of $3.99 billion, EFIH Second Lien Note Claims of $1.71 billion, Other Secured Claims against the TCEH Debtors of $52 million, Legacy General Unsecured Claims Against EFH Corp., EFH Legacy Note Claims of $1.86 billion, EFH Unexchanged Note Claims of $5 million, EFH Swap Claims, EFH Non-Qualified Benefit Claims, General Unsecured Claims against EFH Corp., EFH LBO Note Primary Claims of $60 million, General Unsecured Claims Against the EFH Debtors Other Than EFH Corp., General Unsecured Claims against EFIH Debtors of $1.65 million and Other Secured Claims against EFIH and EFH will be paid in full in cash. TCEH First Lien Secured Claims of $25.91 billion will have a recovery of 59.4%, in the form of cash and equity. TCEH Unsecured Debt Claims will have a recovery of 20.7% in cash. General Unsecured Claims Against the TCEH Debtors other than EFCH and TCEH Unsecured Debt Claims of $17.16 billion will have a recovery of 44.9% and receive equity of 2% each. General Unsecured Claims Against EFCH claims of $10 million and Non-EFH, Non-EFIH and Non-TCEH Debtor Intercompany Claims will be cancelled. TCEH Settlement Claims of $700 million will not receive any distribution. TCEH Debtor Intercompany Claims of $18.54 billion and EFH and EFIH Debtor Intercompany Claims will be reinstated. Interests in EFH Corp., Interests in TCEH and EFCH and Interests in EFIH Finance will be cancelled and will not receive any distribution. Interests in the EFH Debtors Other Than EFH Corp. and Interests in TCEH Debtors Other Than TCEH and EFCH will be reinstated. Interests in EFIH will receive equity. The plan will be funded by cash in hand, asset sale, preferred stock, rights, common stock, New Reorganized TCEH Term Loan Exit Facility, New Reorganized TCEH Revolving Exit Facility, New Reorganized TCEH Unsecured Notes, New Reorganized EFIH Permanent Financing Facility and New Reorganized EFIH Interim Financing Facility.

Sixth Amended Reorganization Plan Filed by Energy Future Holdings Corp.

Energy Future Holdings Corp. filed sixth amended plan of reorganization in the US Bankruptcy Court on December 1, 2015. As per the plan filed, there are no changes in the treatment of claims. Energy Future Holdings Corp. filed a modified sixth amended plan of reorganization in the US Bankruptcy Court on December 6, 2015. As per the plan filed, there are no changes in the treatment of claims.

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

Energy Future Holdings Corp. filed fifth amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on September 21, 2015. As per the plan filed, General Unsecured Claims against EFIH Debtors stand at $1.65 million and shall be paid in full in cash and TCEH Unsecured Debt Claims which stand at $17.155 billion shall have an estimated recovery of 44.9%. There are no other changes in the treatment of claims.

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