Energy Future Holdings (EFH), the bankrupt Texas power giant, is warning that its restructuring plans could be put on hold if the IRS decides to pursue a more than $7 billion tax bill against the company, the Dallas Morning News reported on Friday. Dallas-based EFH is planning to sell off the transmission company Oncor at auction early next year. In court papers filed on Wednesday, EFH warned that if the IRS decides the power company must pay the taxes it could squash the deal. Companies including Hunt Consolidated, NextEra Energy, Berkshire Hathaway and CenterPoint Energy are reportedly examining a potential bid for Oncor. The federal bankruptcy judge in Delaware has ruled that EFH doesn’t have to publicly name the bidders.
