The decision not to submit the report places the Dallas-based company in breach of agreements with creditors for TXU Energy and Luminant, the largest power generator in Texas, and could be another step towards bankruptcy.
Two weeks ago, Energy Future Holdings skipped a deadline to pay $109 million in interest payments, relying upon a 30-day grace period to avoid a default. Companies have 90 days from the end of the year to file their annual reports. Energy Future asked for a two-week extension on April 1.
The Sierra Club and other environmental watchdogs have said the company’s looming bankruptcy could jeopardize nearly $1 billion in mining cleanup funds owed to Texas.
Luminant Mining Co. has been allowed…
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