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Energy Future Bonds Surging as Bankruptcy Negotiations Progress

Bonds of Energy Future Holdings Corp.’s regulated unit jumped 9 cents on the dollar this week as the power producer negotiates a pre-arranged bankruptcy plan with its creditors.

Energy Future Intermediate Holding’s $1.57 billion of 11.25 percent notes due December 2018 rose 1.94 cents on the dollar to 81.6 cents at 11 a.m. in New York, according to prices compiled by Bloomberg. Those bonds were quoted at 72.4 cents April 4.