Texas PUC Staff: NextEra Acquisition of Oncor “Not In Public Interest” Absent Substantive Changes

Jan. 19 — Staff of the Public Utility Commission of Texas have filed testimony stating that NextEra Energy’s proposed acquisition of Oncor is, “not in the public interest without making substantive changes and additions to the applicants’ proposed commitments,” as Staff cited concerns regarding the risks from NextEra’s non-regulated businesses as well as the large amount of debt NextEra proposes to use to fund the transaction.