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 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.