TXU Energy Retail Company LLC provides electricity and related services to residential, commercial, and industrial customers in Texas. The company also provides Brighten iThermostat that enables users to monitor and manage their home's temperature through the Internet; Brighten Power Monitor, which enables users to learn how their home consumes electricity and approximately how much it costs; and Brighten Online Energy Store for energy products. In addition, it offers business services, which include solutions for small, medium, and large businesses; construction services; property management services; and plumbing protection plan that covers repairs or replacement for interior plumbing equi...
1601 Bryan Street
Dallas, TX 75201
Founded in 2007
Sixth Amended Reorganization Plan Approved for Energy Future Holdings Corp.
Dec 7 15
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.
Dec 1 15
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.
TXU Energy Introduces TXU Solar from SunPower
Nov 9 15
TXU Energy introduced TXU Solar from SunPower, providing the high efficiency solar panels available in the market. SunPower® solar panels have a 25-year combined power and product warranty and during that time, produce 70% more energy than conventional panels in the same space. With an expected lifespan of more than 40 years, SunPower panels enable residential consumers to produce more of their own electricity than other rooftop systems with conventional panels. TXU Solar from SunPower comes with a simple online and mobile monitoring system so homeowners can track their electricity production.