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Energy Future favors Hunt debt repayment plan to exit bankruptcy

Hunt has teamed up with junior creditors of Energy Future Holdings to raise about $12.1 billion to repay the power company’s debt and convert its power distribution business, known as Oncor, into a real estate investment trust, or REIT. Energy Future Holdings filed an amended plan of reorganization on Thursday. In a court document, it said the Hunt-backed plan was considered superior to a competing reorganization plan backed by investment