S&P affirms Energy Future

Standard & Poor's said it affirmed Energy Future Holdings Corp. (previously known as TXU Corp.), subsidiary Texas Competitive Energy Holdings LLC and Energy Future Competitive Holdings Co.'s B- corporate credit ratings, following a review.

The B- rating reflects the consolidated credit profile of the companies and of equity distributions from Oncor Electric Delivery Co LLC (BBB+/stable), the agency said.

The stable outlook reflects low potential for ratings changes in the near term due to the company's large base load generation position, the stabilizing effect of the large hedge program into 2013, large liquidity balances and a significant amount of cash flow, the agency said.

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