For awhile now Energy Future Holdings (formerly TXU) has been successful at “de-leveraging,” or restructuring, its $40 billion in debt. On Monday Moody’s Investors Service downgraded that debt, citing lower prices for power. Two days later Rob Walters, EFH’s executive vice president, was named DFW’s Outstanding General Counsel, in part for the restructuring effort, during a reception at the Adolphus Hotel Dallas.
“Lopping off a couple billion in debt looks like a lot–but it’s not so hard when you start with $40 billion,” Walters said wryly as the big crowd laughed. He was one of 17 in-house lawyers who were honored in this year’s Corporate Counsel Awards program, a new partnership between D CEO and the DFW chapter of the Association of Corporate Counsel. Check out profiles of Walters and the other winners and Q&As with all the honorees here.
