---
title: Megawatt Daily Quotes Special Counsel Benjamin D. Feder
date: 2016-08-01T00:00:00-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/news/megawatt-daily-quotes-special-counsel-benjamin-d-feder"
section: News
---
# Megawatt Daily Quotes Special Counsel Benjamin D. Feder

 August 1, 2016

 

 

 

 

 

 

Special counsel [Benjamin D. Feder](/Our-People/Benjamin-Feder) was quoted in the *Megawatt Daily* article ​“NextEra Wins Highly Sought Wires Asset in Oncor.” NextEra reached an agreement to purchase Energy Future Holdings’ (EFH) 80% equity stake in Oncor Electric Delivery. The deal is part of a reorganization plan to take EFH out of Chapter 11 bankruptcy by the end of 2016.

Under the reorganization and bankruptcy exit plan, the smaller NextEra spinoff is expected to be tax free with a hearing about the matter scheduled for August 17th in the Delaware bankruptcy court. Mr. Feder said, “\[EFH and the TCEH creditors\] have just been awaiting that letter from the IRS and from all accounts…As long as they have IRS approval, it will almost certainly go forward, regardless of wat happens with Oncor.” Feder also said he was not surprised by the announcement and the terms of the transaction.

 

 

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