Florida-based NextEra Energy said Friday it will buy Texas’ largest utility, Oncor, in a cash-and-stock deal worth $18.4 billion.

NextEra said it will keep Oncor headquartered in Dallas to help Oncor’s parent, Dallas-based Energy Future Holdings, emerge from bankruptcy. NextEra would acquire EFH’s 80 percent interest in Oncor.

— Houston Chronicle.

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