NextEra Energy
The RTO Insider Top 30 collectively had a good second quarter, but nearly half the companies turned in worse bottom-line performances than a year ago.
NextEra Energy CEO Jim Robo said that the company would pursue a $275 million fee it says it is owed following a failed attempt to acquire Oncor.
The Berkshire Hathaway Energy bid for Oncor won an immediate endorsement from a key PUCT official Friday, but it may have to overcome a top investor.
The Public Utilities Commission of Texas (PUCT) again refused to revisit their decision to reject NextEra Energy’s proposed acquisition of Oncor.
The PUCT rejected NextEra Energy’s attempt to acquire Oncor, rebuffing a request to rehear a previous decision denying the proposed $18.7 billion deal.
More than two-thirds of companies in the RTO Insider Top 30 posted year-over-year revenue and net income increases in the first quarter.
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.
Summaries of first-quarter earnings reports for AEP, Xcel Energy and NextEra Energy.
Attorneys for NextEra Energy and EFH told a bankruptcy court they are not abandoning NextEra’s bid to acquire Oncor despite the PUCT's rejection.
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