Texas’ Energy Future files Ch. 11 reorganization

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HOUSTON (AP) — Energy Future Holdings filed for Chapter 11 bankruptcy reorganization in a Delaware court on Tuesday, an expected move that will not harm power production or distribution in Texas as the company halves its $40 billion debt load.

The company owns TXU Energy, which has the largest share of the Texas retail electricity market, and Luminant, the state’s largest power generator, but the bankruptcy is not likely to impact consumers in the short-term because distribution and production will continue.

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