Nextera Energy Oncor Acquisition

Could springboard oncor s parent company from bankruptcy and give texas largest utility the.

Nextera energy oncor acquisition.

A sale that was key to ending the bankruptcy of oncor parent energy future holdings corp was rejected. The transaction is a straightforward traditional acquisition by a utility holding company. 1 a joint application for merger approval. The tthc merger or the acquisition of omi s interest in oncor or as of any other date in the future of any consideration to be received in the efh merger in the form of stock or any other security nee s earnings expectations and.

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. Nee is a leading clean energy company with consolidated revenues of approximately 17 2 billion operates approximately 46 790 megawatts of net generating capacity and employs approximately 14 000 people in 33 states and canada as of year end 2017. Nextera energy together with oncor expects to file by nov. Yet the commission explained nextera energy sought in the merger to eliminate two of the most important provisions of this ring fence.

Nextera energy inc s proposed 18 4 billion acquisition of oncor electric delivery co. This transaction will enable nextera energy and oncor to. Nextera energy s utility fpl provides its customers with electric bills that are the lowest in florida and 30 percent below the national average as well as award winning customer service. 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.

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 increased. 1 restrictions on nextera energy s ability to appoint remove and replace members of the oncor and oncor holdings boards of directors. And 2 the ability of texas transmission investment shareholders to.