NextEra Buying Texas Utility

The deal comes on the heels of NextEra’s failed bid for Hawaiian Electric Industries.

 

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Just two weeks after the Hawaii Public Utilities Commission nixed NextEra Energy’s $4.3 billion proposal to buy Hawaiian Electric Industries, the Florida power company has moved on to a much bigger prospect.

Bloomberg News reports that NextEra is offering $18.4 billion for Energy Future Holdings Corp.’s Oncor Electric Delivery Co., the largest electric distribution company in Texas. One analyst called it a “prized asset.”

NextEra must still get the deal through Texas regulators.

Read the Bloomberg story.

NextEra Energy President Eric Gleason, right, with Hawaiian Electric President Alan Oshima at PUC hearings in October 2015.
NextEra Energy Hawaii President Eric Gleason, right, with Hawaiian Electric President Alan Oshima at PUC hearings in October 2015. Cory Lum/Civil Beat

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