Energy Future Holdings is "bracing" for the potential filing of competing plans for its reorganization under Chapter 11, after an original plan premised on a failed sale of Oncor to Hunt Consolidated companies fell be the wayside, The Wall Street Journal reports

EFH has already proposed a second plan, which retains the spin-off of TXU and Luminant to creditors, and with the new plan keeping options for Oncor open, with either a sale or transfer to certain creditors.

However, The Wall Street Journal reports that EFH has stated that it could see rival bankruptcy plans proposed, noting discussions occurring among creditors, as suitors vie for control of Oncor. Though EFH did not name any suitors for Oncor, Hunt Consolidated and NextEra Energy previously sought to acquire the Texas utility

See The Wall Street Journal for more, or via Dow Jones Business News at Nasdaq.com