When reports surfaced in June that NextEra Energy was the top contender to purchase Oncor out of bankruptcy, you couldn’t be blamed for a moment of deja vu.
A year ago, many observers thought the company was nearing a deal to purchase the Dallas-based utility as a part of Energy Future Holdings’ bankruptcy proceeding. But that bid was ultimately derailed when Hunt Consolidated stepped in with an innovative — and some thought risky — plan to operate the utility as Real Estate Investment Trust.