Readers could have seen your ad here when reading this story. Email
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

Texas PUC Issues Rehearing Order Denying NextEra Acquisition of Oncor

June 08,2017

The Texas PUC yesterday issued an order on rehearing denying the NextEra Energy, Inc.'s proposed acquisition of Oncor (Docket 46238)

Although the order on rehearing includes revised and additional language, the rehearing order generally denies the proposed acquisition for the same reasons an initial order denied the transaction. At a high level, such concerns included the lack of what the PUC considers a truly independent Oncor board under the transaction, and concerns about the "substantial" amount of leverage to be incurred by NextEra as a result of the transaction.

See ECM's prior story for a more detailed discussion on the PUC's concerns

Link to order on rehearing

Texas   M&A   Oncor   NextEra Energy  

Comment on this story

NEW Jobs on
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas

More Stories on
ERCOT: Variation Discovered w/Day-Ahead Market Hub Bus Modeling Affecting DAM Hub SPPs
NextEra To Acquire Texas Transmission Line
ERCOT Files New NPRR For Mapping Registered Distributed Generation to Transmission Loads
Language Drafted For Order To Dismiss AEP Texas Battery Storage Proposal
Retail Suppliers To Undergo Change In Upstream Ownership

comments powered by Disqus

Advertise here:

Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service


Developed by: Avidweb Technologies inc.