October 20, 2014 7:54 AM ET

Electric Utilities

Company Overview of Energy Future Intermediate Holding Company LLC

Company Overview

Energy Future Intermediate Holding Company LLC operates as a regulated electricity transmission and distribution company in the United States. The company offers transmission services to municipalities, retail electric providers, electric cooperatives, and other distribution companies; and distribution services to retail electric providers that sell electricity to residential, business, and other consumers. As of December 31, 2013, it had transmission facilities, including 6,522 circuit miles of 345 kilovolts transmission lines; and 9,658 circuit miles of 138 kilovolts and 69 kilovolts transmission lines. The company also had a distribution system of approximately 3.2 million points of deliv...

1601 Bryan Street

Dallas, TX 75201

United States

Key Executives for Energy Future Intermediate Holding Company LLC

Chair
Age: 58
Chief Financial Officer
Age: 60
Principal Accounting Officer
Age: 66
Executive Vice President and General Counsel
Age: 41
Senior Vice President and Treasurer
Compensation as of Fiscal Year 2014.

Energy Future Intermediate Holding Company LLC Key Developments

Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. Announce Extension of Expiration Date for Second Lien Settlement

Energy Future Intermediate Holding Company LLC (EFIH) and EFIH Finance Inc. announced that the expiration date of its previously announced offer to purchase EFIH Second Lien Notes for cash as a voluntary settlement with respect to the issuer's obligations under the EFIH Second Lien Notes has been extended to July 25, 2014. Other than the extension of the expiration date, the terms of the offer are unchanged. The EFIH Second Lien Settlement is open to all holders of the issuer's 11% Senior Secured Second Lien Notes due 2021 and 11.750% Senior Secured Second Lien Notes due 2022. On July 18, 2014, approximately $162 million of EFIH Second Lien Notes had been tendered in the offer.

NextEra Eyes To Acquire Oncor

NextEra Energy, Inc. (NYSE:NEE) increased its bid to buy a majority stake in Oncor Electric Delivery Holdings Company, LLC by $500 million. Oncor is a part of a larger company called Energy Future Intermediate Holding Company LLC, which is reorganizing under Chapter 11 bankruptcy, the Sun Sentinel reports. NextEra Energy, Inc., parent of Florida Power & Light Company, said its bid would benefit creditors of Energy Future Holdings because the company is already familiar with Texas regulations. The terms of the bid have not been disclosed.

Energy Future Intermediate Holding Company and EFIH Finance Inc. Announce Expiration Date of its Offer to Purchase EFIH Second Lien Notes

Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. announced that the expiration date of its previously announced offer to purchase EFIH Second Lien Notes for cash as a voluntary settlement with respect to the Issuer's obligations under the EFIH Second Lien Notes (such settlement, the EFIH Second Lien Settlement) has been extended to 5:00 p.m., New York City time, on July 11, 2014. Other than the extension of the Expiration Date, the terms of the Offer are unchanged. The EFIH Second Lien Settlement is open to all holders of the Issuer's 11% Senior Secured Second Lien Notes due 2021 and 11.750% Senior Secured Second Lien Notes due 2022 (the EFIH 11.750% Second Lien Notes and together with the EFIH 11% Second Lien Notes, the EFIH Second Lien Notes). As of 5:00 p.m., New York City time, on July 3, 2014, approximately $162 million of EFIH Second Lien Notes had been tendered in the Offer. In addition, pursuant to the Restructuring Support and Lock-Up Agreement, dated April 28, 2014 (as amended), to which the Issuer is a party, certain holders holding, in the aggregate, approximately $760 million of EFIH Second Lien Notes have agreed to the EFIH Second Lien Settlement on the terms provided in such agreement.

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