Docket 46238
NextEra Energy’s bid to acquire Texas utility Oncor has failed to gain traction with state regulators, who said they have not changed their minds.
Texas regulators have agreed to reconsider its recent rejection of a bid for Oncor by Florida-based NextEra Energy.
The Public Utility Commission of Texas (PUCT) agreed that proposed NextEra $18.7 billion acquisition of Oncor is not “at this point” in the public interest.
The Texas PUC concluded four days of hearings on NextEra Energy’s proposed $18.7 billion Oncor acquisition on Friday after hearing from both CEOs.
NextEra Energy CEO Jim Robo made a last-minute appearance before the PUCT Thursday -- leaving nothing to chance in the company’s pursuit of Oncor.
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