Energy Future Says Oncor Buyout a No-Go

By

Melanie Cohen

• 
  
  Melanie Cohen
  
  
  The Wall Street Journal
  
  
  CANCEL
  
  
• BiographyMelanie Cohen


• @MelanieLisa


• melanie.cohen@wsj.com

Apr 29, 2016 8:40 am ET

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ENLARGE

Charles Walker is silhouetted against an overcast sky Tuesday, Feb. 7, 2012, attaching wires to one of two replacement transformers on a power pole in Nacogdoches, Texas. Photo: Daily Sentinel/Associated Press

Energy Future Holdings Corp. said investors won’t go through with a planned buyout of its Oncor business because of conditions put up by a Texas state agency. (But some investors are scrambling to try to save it.) The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Lehman Brothers Inc.’s trustee wants to make a fourth distribution payment to unsecured creditors, DBR reports in WSJ.

WSJ reports on Goldman Sachs Group Inc. and Morgan Stanley looking to update their “living wills” following the split verdict from two federal agencies.

Atlantic City, N.J., is in danger of defaulting if it can’t make a $1.8 million bond payment due Sunday, WSJ reports.

The operator of California-based Roscoe’s Chicken and Waffles wants to propose a bankruptcy plan by Oct. 1, Bankruptcy Beat reports.

Write to Melanie Cohen at melanie.cohen@wsj.com. Follow her on Twitter at @MelanieLisa

Energy Future Says Oncor Buyout a No-Go