Nextera Energy Acquires Oncor

Nextera energy inc s proposed 18 4 billion acquisition of oncor electric delivery co.

Nextera energy acquires oncor. That s one criticism of the proposed 18 7 billion acquisition of dallas. Nextera energy is paying so much for oncor electric delivery co. Nextera energy is making one final plea with the texas public utility commission to reconsider its decision earlier this year that rejected the florida power company s 18 7 billion acquisition of. And 2 the ability of texas transmission investment shareholders to.

That there may not be much upside for the rest of us. Texas regulators on thursday rejected nextera energy s 18 billion bid to acquire oncor electric citing concerns about the independence of the utility s board and the possibility of. We are pleased to have reached a definitive agreement to acquire efh s 80 percent indirect interest in oncor said jim robo chairman and chief executive officer of nextera energy. Those are some of the pros and cons that energy industry experts and ratepayer watchdogs see with nextera s agreement to buy dallas based energy future holdings corp s 80 percent stake in oncor.

We are incredibly impressed by oncor s management team and its employees and we are committed to retaining the oncor name its dallas headquarters and. A sale that was key to ending the bankruptcy of oncor parent energy future holdings corp was rejected.