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EFH reaches settlement on $122M wind power dispute

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EFH reaches settlement on $122M wind power dispute

Energy FutureHoldings Corp. reached a settlement on a $122 million disputerelated to power purchases from a wind farm, according to a Sept. 28 filing.

In June 2015, ForestCreek Wind Farm LLC filed a claim for $121.4 million related topower supplied to EFH subsidiary LuminantEnergy Co. LLC from March 1, 2015, to April 14, 2015, for which ithad not been paid. Forest Creek also filed a claim for $1 million inadministrative expenses.

Luminant and Forest Creek negotiated a stipulation providingForest Creek an allowed general unsecured claim of $32 million and an allowedadministrative expense of approximately $1 million.

ForestCreek is a 124-MW facility, according to SNL Energy data, locatedin Howard County, Texas. E.ON SEis the ultimate owner of the wind facility. Luminant has been under contract topurchase its output since 2006.

EFH has been resolving outstanding issues in recent days asits works toward reorganization. On Sept. 23, EFH received for an $11.8million settlement with the Texas comptroller, and a $2 million claim betweenLuminant and a mining company.

On the regulated side of its business, EFH is to beacquired along with its 80% share of OncorElectric Delivery Co. LLC by NextEra Energy Inc. in an $18.7 billion deal. On Aug. 26, thebankruptcy court approvedthe separate reorganization and spinoff of EFH's generation and retail businessunder subsidiary TexasCompetitive Electric Holdings Co. LLC.