With the acquisition of Oncor, NextEra Energy can extend its regulated operations in Texas. NextEra Energy made an offer in the middle of last year to buy Oncor Electric that valued the company at $17.5 billion. This made Energy Future Holdings, the parent of Oncor, scrap the restructuring plan and hold an auction to find the right buyer. As Oncor is now available for potential buyers, NextEra Energy may chase it again.
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Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.