Texas electricity giant Energy Future Holdings Corp. goes to court today to set a schedule for consideration of its chapter 11 exit plan and related proceedings, including for its 80 percent stake in its prized asset, Oncor, the Wall Street Journal reported on Saturday. A cash-producing transmissions business that is not involved in the bankruptcy, Oncor is the focus of attention as Energy Future tries to work through its $42 billion debt load. The company wants to put the Oncor stake on the bankruptcy auction block while at the same time bargaining with creditors about an in-bankruptcy conversion to a real estate investment trust and takeover.
