NextEra’s announcement didn’t include a proposal to cut monthly rates or provide other direct savings for consumers. But sweeteners are customary in such acquisitions.

Consider NextEra’s failed plan to buy Hawaiian Electric. While that was a much smaller deal, NextEra put the total value of customer incentives at nearly $465 million — or about $400 per residential customer over five years.

— Dallas Morning News.

Subscribe To Our Newsletter

Each month, TCAP sends out an e-newsletter covering major events in Texas electricity and advances in public policy. Sign up for the newsletter and check out old newsletters to get caught up on Texas energy.

You have Successfully Subscribed!

Share This