Bankruptcy Judge Christopher Sontchi ruled Tuesday it was time to move towards an end in the 18-month-old Energy Future Holdings bankruptcy, the Dallas Morning News reported yesterday. A confirmation hearing has been scheduled for Nov. 3, potentially setting the stage for Texas’ largest power company to exit bankruptcy by spring 2016. The former TXU Corp. filed for chapter 11 protection last year, citing a decline in Texas’ wholesale power market and debts taken on in a $45 billion leveraged buyout led by private equity firms KKR & Co. and TPG in 2007. In court Tuesday, Energy Future’s attorney argued that they were continuing to work with opposing creditors groups but it was imperative to put negotiations on a fixed timetable.
