If successful, the pair of smaller transactions will ultimately lead to NextEra owning 100% of Oncor.
NextEra Chairman and CEO Jim Robo said the company would file an application today with the Public Utility Commission of Texas to seek approval of the deal. NextEra Energy has also reached a $27 million agreement to acquire the remaining 0.22% interest in Oncor that is owned by Oncor Management Investment LLC.
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.