Energy Future CDS settlement auction sets final price of 56.125

By Angela McDaniels

Tacoma, Wash., May 21 - Credit default swaps referencing Energy Future Holdings Corp. will be settled using a final price of 56.125, according to a notice from Creditex and Markit.

Creditex and Markit administered settlement auctions on Wednesday.

In addition, the auctions set final prices of 105.75 for Energy Future Intermediate Holding Co. LLC/EFIH Finance Inc., 8.5 for Texas Competitive Electric Holdings Co. LLC and 78.75 for Texas Competitive Electric Holdings Co. LLC.

Energy Future, a Dallas-based power generation company and utility operator, filed bankruptcy on April 29 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 14-10979.

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