By Lance Murray, Dallas Business Journal
April 1st, 2014
Dallas-based electric power company Energy Future Holdings filed for a 15-day extension to file its 2013 earnings report on Monday as it continues to work through a possible Chapter 11 bankruptcy filing.
The Dallas Morning News reported that EFH also will miss a $109 million interest payment due Tuesday. The payment has a 30-day grace period, the newspaper said.
The Morning News reported that EFH likely will have to include in its filing a statement from its auditor that the company does not have enough cash to make its debt payments through the end of the year, triggering a bankruptcy. A filling could come as early as this week.
The newspaper said the EFH board of directors met Monday to vote on the delay, which had been anticipated, while the company continues to negotiate with creditors.