The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of four Energy Future Holdings entities:
1. Energy Future Holdings Corp.
2. Texas Competitive Electric Holdings Company LLC
3. Energy Future Intermediate Holding Company LLC
4. EFIH Finance Inc.
ISDA will publish further information, including whether a CDS auction will be held, on its website, www.isda.org/credit, in due course.
