An attorney for Texas's leading power company, bankrupt Energy Future Holdings, said at a court hearing yesterday that it will delay seeking court approval of a restructuring support agreement that lays a path out of chapter 11, Reuters reported yesterday. At the start of a two-day hearing on a request to move the bankruptcy case to Dallas from Wilmington, Del., Edward Sassower said that Energy Future will postpone to June 30 from June 6 a hearing to approve its restructuring support agreement. The agreement commits the company to meet certain milestones on its way to slash its $42 billion in debt. Creditors wanted more time to study the deal.
