New Ownership for Oncor

NextEra Energy. Inc. (NEE) has reached a deal that includes the acquistion of 100% of Energy Future Holdings Corp. (EFH) which holds approximately 80% of interest in Oncor Electric Delivery.

According to a report in USA Today, "a federal bankruptcy judge must still approve the transaction." Oncor's Dallas headquarters will be maintained by Florida provider NextEra. Click for the USA Today story. >

A news report from NextEra details the transaction, saying it "will extinguish all Energy Future Holdings and Energy Future Intermediate Holding Company debt that currently exists above Oncor."

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