Eyes Peeled for a Texas Energy Shake-Up

Two huge events may suddenly transpire in Texas, and either one could shake up the state's power market and boost margins at NRG Energy (NRG), Calpine (CPN) and Exelon (EXC).

The first event may be a spectacular bankruptcy: Bloomberg reports that Energy Future Holdings may file a Chapter 11 within weeks. The firm -- Texas' largest electricity provider -- has struggled since 2007, when KKR (KKR), Goldman Sachs (GS) and TPG Capital took it over in one of the nation's biggest leveraged buyouts. The deal left Energy Future with more than $43 billion in debt, of which $32 billion is held by Energy Future's competitive power unit, Luminant -- and this is where any bankruptcy would likely focus....594 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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