A U.S. bankruptcy judge yesterday granted Energy Future Holdings Corp. more time to round up support for its chapter 11 plan, as creditors and potential bidders circle its valuable transmissions unit, Oncor, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Christopher Sontchi granted Energy Future's request to ward off the threat of competing chapter 11 plans until Oct. 29, the maximum time allowed by law. The decision means all offers for Oncor must go through Energy Future. Making the most of Oncor is Energy Future's chief hope to resolve the $42 billion debt load that pushed it into bankruptcy more than a year ago.
