TXU, Oncor Owners File for Bankruptcy

By Greg Janda

 |  Tuesday, Apr 29, 2014  |  Updated 7:10 AM CDT


Dallas-based Energy Future Holdings has filed for Chapter 11 bankruptcy protection, according to a news release from the company.

Energy Future Holdings (EFH) owns TXU, Oncor, and Luminant, three of the largest electric providers and power generators in Texas. TXU provides electricity to Texans –- in 2011 it had 1.7 million customers, more than any other electricity provider. Oncor delivers that electricity to more than 3 million homes. Luminant runs about 20 power plants, nuclear plants, and mines in the state.

The bankruptcy filing was made on Tuesday and involves Energy Future Holdings and certain of its subsidiaries, including Texas Competitive Electric Holdings Company LLC (the holding company for Luminant and TXU Energy) and Energy Future Intermediate Holding Company (the holding company for regulated businesses like Oncor), according to the company.

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