Oncor
Having finally chased down Oncor, NextEra Energy (NYSE:NEE) has embarked on a charm offensive to ensure it successfully completes its acquisition.
Energy Future Holdings reached a milestone in its Chapter 11 reorganization, completing its tax-free spinoff of Luminant and TXU Energy into TCEH Corp.
NextEra Energy (NYSE:NEE) sought to assure the PUCT that they won’t be constrained in their review of the company’s agreement to purchase Oncor.
The NextEra Energy (NYSE:NEE) bid to acquire Oncor may have to navigate some choppy waters with the Public Utilities Commission of Texas (PUCT).
The U.S. Bankruptcy Court for the District of Delaware has approved a reorganization plan that will take the Energy Future Holdings competitive businesses out of Chapter 11.
NextEra has agreed to buy Energy Future Holdings’ Oncor assets in a deal that values the Texas transmission and delivery subsidiary at $18.4 billion.
Interest in bankrupt Energy Future Holdings’ Texas transmission and delivery subsidiary Oncor continues to grow, even as the troubled company struggles.
NextEra is said to have offered Energy Future Holdings a combination of cash and debt for its Oncor subsidiary, according to Bloomberg.
Hunt Consolidated renewed its bid for Texas utility Oncor with a lawsuit alleging errors by the Texas PUC in an order on the deal.
The Public Utility Commission of Texas approved a plan for a hybrid above/below-ground transmission line in the City of Frisco.
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