Energy Future Holdings Corp. and its warring creditor groups expressed optimism about a new round of talks over an $11 billion proposal to reorganize the company so it can exit bankruptcy by year’s end, Bloomberg News reported yesterday. Company officials “believe the time is right to begin a determined march” to end the $42 billion chapter 11 case, attorney Edward Sassower told a bankruptcy judge at a hearing yesterday. Some creditors of Dallas-based Energy Future have proposed raising $11 billion in debt and equity, a lawyer for a group of lower-ranking debt holders told the judge. A deal could be two months off, should everybody involved in the latest negotiations stick with their current positions, said the attorney, Chris Shore, who represents a group of creditors that has fought the company since the bankruptcy began 11 months ago.
