Energy Future Holding Corp preparing for bankruptcy

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by Deoborah Kostroun / Texas Bloomberg

Texas Bloomberg Report

Posted on April 22, 2013 at 7:25 AM

The state's biggest electricity producer Energy Future Holding Corp is teetering toward bankruptcy. The Dallas-based company formerly known as TXU Corp. Energy Future Holdings lost money because of low natural gas prices after a leveraged buyout. But a former Texas utility regulator tells Bloomberg that a bankruptcy reorganization of that company may not be all that bad, because it could leave the power generating unit with less debt and more cash to invest and build to improve electricity output in the state.

The unemployment rate in Texas remained at 6.4 percent in March. That was unchanged from February and down from 7 percent a year ago. Texas' unemployment rate remains well below the national unemployment rate of 7.6 percent.

Frost is king of customer service among Texas banks. For a fourth year in a row, Frost Bank received the highest ranking in customer satisfaction in Texas from JD Power and Associates among all retail banks in the state. The bank got high marks for product offerings, fees, account activates and facility factors.

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