The NextEra Energy (NYSE:NEE) bid to acquire Oncor may have to navigate some choppy waters with the Public Utilities Commission of Texas (PUCT).
Interest in bankrupt Energy Future Holdings’ Texas transmission and delivery subsidiary Oncor continues to grow, even as the troubled company struggles.
Hunt Consolidated renewed its bid for Texas utility Oncor with a lawsuit alleging errors by the Texas PUC in an order on the deal.
The Texas PUC unanimously agreed to deny all motions for rehearing in Hunt Consolidated’s proposed acquisition of Oncor.
With its effort to convert its Oncor T&D utility into a REIT foundering, Energy Future Holdings filed a new bankruptcy plan.
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