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 consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.