Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company’s stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion.
The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire last year.
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.