Oncor
The PUCT approved a preliminary order outlining numerous issues NextEra Energy and Oncor must address, while also approving AEP's consolidation.
Energy Future Holdings' attempt to emerge from bankruptcy may be hampered by a ruling that it must pay hundreds of millions of dollars to bondholders.
The Public Utility Commission of Texas (PUCT) scheduled hearing dates on the NextEra - Oncor merger while punting on various other matters.
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.
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