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.

— Tyler Morning Telegraph