July 14 — While the sale price may be lower, the two new offers are an improvement for consumers over the previous proposal, as well as an earlier bid by Hunt Consolidated. NextEra, a Florida-based energy company, had valued Oncor at $18.7 billion but that bid was rejected by the state Public Utility Commission. The three-member commission was hesitant about an agreement that would force Oncor to surrender its independence. NextEra had insisted on controlling Oncor’s board, and it wanted to weaken ring-fence requirements that protected the company during Energy Future’s bankruptcy.
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.