Allan Koenig

Allan Koenig News

  • Energy Future Bonds Jump Most in Two Months as Payment Due

    Bonds of a unit of Energy Future Holdings Corp. jumped by the most in more than two months on the same day the electricity provider was required to begin making cash coupon payments on another one of its securities.

  • Biggest LBO Collapse Seen as Boon to Texas Power Market

    As Texas warns of potential power shortages and blackouts this summer, the state’s biggest electricity producer is teetering toward bankruptcy. That may turn out to be a boon to the $34 billion Texas power market.

  • Energy Future Issues Opening Salvo as KKR, TPG Seek Stake

    Energy Future Holdings Corp.’s pre- packaged bankruptcy proposal is the opening salvo in talks as KKR & Co. and TPG Capital LP, backers of the largest leveraged buyout, seek to salvage their failed utility takeover and force creditors to accept billions in losses.

  • Energy Future Proposes Pre-Packaged Bankruptcy of Some Units

    Energy Future Holdings Corp., the power producer that was taken private six years ago in the largest leveraged buyout, proposed a pre-packaged bankruptcy that would put Texas Competitive Electric Holdings, which sells power on wholesale markets, and some other units in Chapter 11.

  • TXU Spared Tax Liability on $23 Billion by IRS Ruling

    Energy Future Holdings Corp., the Texas power company taken private six years ago in the largest leveraged buyout, won’t have to pay a potential tax liability on $23 billion when transferring ownership of some of its units, according to a decision by the U.S. Internal Revenue Service.

  • Energy Future Credit Swaps Fall After IRS Sees No Tax Liability

    Credit-default swaps tied to the debt of Energy Future Holdings Corp. dropped after the U.S. Internal Revenue Service said the Texas power company won’t have to pay a potential tax liability on $23 billion when transferring ownership of some of its units.

  • Energy Future Utility CEO’s Pay Triple That of Parent CEO

    The chief executive officer of Energy Future Holdings Corp.’s Oncor utility received $20 million last year, nearly three times the compensation paid to parent company CEO John Young.

  • Aurelius Sues Energy Future Unit Directors Over Loans

    Energy Future Holdings Corp.’s directors and chief executive officer were sued by hedge fund Aurelius Capital Management over claims that loans made within the power producer harmed creditors.

  • Jones Day, King & Spalding, Kirkland: Business of Law

    Jones Day opened an Amsterdam office and hired two mergers and acquisitions partners, Marcel van de Vorst, formerly of Norton Rose LLP, and Marc Rijkaart van Cappellen, of Baker & McKenzie LLP.

  • TXU Teeters as Firms Reap $528 Million Fees: Corporate Finance

    KKR & Co., TPG Capital and Goldman Sachs Capital Partners, which took the former TXU Corp. private five years ago in the largest leveraged buyout in history, have paid themselves $528.3 million in fees, even as the electricity provider teeters toward a near-term bankruptcy or restructuring.

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