Oncor
Texas regulators have agreed to reconsider its recent rejection of a bid for Oncor by Florida-based 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.
The Texas Public Utility Commission (PUCT) formally rejected NextEra Energy’s proposed acquisition of Oncor as telegraphed at its last open meeting.
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.
NextEra Energy's bid to win PUCT approval of its Oncor acquisition will be no slam dunk if the first two days of hearings are any indication.
NextEra boosted its adjusted earnings by 5% in the fourth quarter and 11% for all of 2016, despite falling short of investor expectations on both measures.
Oncor's Technology, Demonstration and Education Center is a peek into the grid’s future, showcasing new technologies; including energy storage and DER.
NextEra Energy has won FERC approval to acquire Oncor, but is still facing questions from the PUCT and calls for more protections from stakeholders.
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