Nextera Energy Oncor Acquisition

The transaction is a straightforward traditional acquisition by a utility holding company.

Nextera energy oncor acquisition.

1 a joint application for merger approval. 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. The proposed 18 4 billion purchase of dallas based oncor by florida based nextera energy inc. Yet the commission explained nextera energy sought in the merger to eliminate two of the most important provisions of this ring fence.

Nextera energy on tuesday closed on the acquisition of gulf power from southern company in a deal valued at 6 475 billion. This transaction will enable nextera energy and oncor to. Could springboard oncor s parent company from bankruptcy and give texas largest utility the. Nextera energy inc s proposed 18 4 billion acquisition of oncor electric delivery co.

Nextera energy together with oncor expects to file by nov. 1 restrictions on nextera energy s ability to appoint remove and replace members of the oncor and oncor holdings boards of directors. 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. Nextera already owns florida power light the state s largest utility.

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. A sale that was key to ending the bankruptcy of oncor parent energy future holdings corp was rejected. 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.