NextEra Buying Texas Utility
The deal comes on the heels of NextEra’s failed bid for Hawaiian Electric Industries.
Just two weeks after the Hawaii Public Utilities Commission nixed NextEra Energy’s $4.3 billion proposal to buy Hawaiian Electric Industries, the Florida power company has moved on to a much bigger prospect.
Bloomberg News reports that NextEra is offering $18.4 billion for聽Energy Future Holdings Corp.鈥檚 Oncor Electric Delivery Co., the largest electric distribution company in Texas. One analyst called it a “prized asset.”
NextEra must still get the deal through Texas regulators.
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