Nextera Energy Acquires Oncor

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.

Nextera energy acquires oncor.

Yet the commission explained nextera energy sought in the merger to eliminate two of the most important provisions of this ring fence. 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. And 2 the ability of texas transmission investment shareholders to.

Nextera energy is paying so much for oncor electric delivery co. 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. In a filing with the securities exchange commission on monday nextera said it received notice on july 6 from energy future holdings corp bankrupt parent company of oncor electric delivery co.

That there may not be much upside for the rest of us. 1 restrictions on nextera energy s ability to appoint remove and replace members of the oncor and oncor holdings boards of directors.