Energy Future Holdings (EFH)
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 Texas PUC unanimously agreed to deny all motions for rehearing in Hunt Consolidated’s proposed acquisition of Oncor.
The PUCT agreed to wait until no later than June 10 before determining whether to grant a rehearing on its decision to allow Hunt’s acquisition of Oncor.
With its effort to convert its Oncor T&D utility into a REIT foundering, Energy Future Holdings filed a new bankruptcy plan.
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