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.
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.