Bankruptcy Judge Christopher Sontchi will announce today whether he will approve a chapter 11 exit plan for Energy Future Holdings Corp., Texas's biggest power company, Reuters reported today. Judge Sontchi must consider whether the plan by Energy Future is fair to creditors. Under the plan, Energy Future will sell its Oncor power distribution business to a consortium led by Hunt Consolidated. That deal has been valued at $19 billion. Energy Future's power plants and retail utility will be spun off to senior creditors, which are owed $24 billion.
