Nextera Energy Acquires Oncor

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.

Nextera energy acquires oncor.

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. And 2 the ability of texas transmission investment shareholders to. 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.

Nextera energy is paying so much for oncor electric delivery co. That s one criticism of the proposed 18 7 billion acquisition of dallas. 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. Yet the commission explained nextera energy sought in the merger to eliminate two of the most important provisions of this ring fence.

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. 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.