Energy Future Holdings has almost $1 billion cash after year end

By Lisa Kerner

Charlotte, N.C., Feb. 19 - Energy Future Holdings Corp. reported a consolidated net loss on a GAAP basis for the quarter ended Dec. 31 of about $1.95 billion, compared to a consolidated net loss of $136 million for the same period last year.

The consolidated net loss for the full-year was $3.36 billion, versus a consolidated net loss of about $1.19 million for full-year 2011, the company's fourth-quarter and full-year earnings news release said.

At Jan. 31, Energy Future had restricted cash totaling $947 million after reduction for a $115 million letter of credit drawn in 2009 related to an office-building financing. The restricted cash supports letters of credit, of which $774 million are outstanding, leaving $173 million available, according to the company's earnings presentation on Tuesday.

Energy Future is a regulated utility and power generation company based in Dallas.

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