Tag: Texas PUC

NextEra likely to purchase EFH’s share in Oncor

Electric utility Energy Future Holdings (EFH) is expected to file its application with the US Bankruptcy Court in Delaware announcing its plans to sell its transmission arm Oncor to Florida-based power company NextEra Energy.

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Hunt withdraws bid to buy Oncor

Reportedly, Hunt Consolidated, Inc. has withdrawn its bid to acquire Oncor, a transmission subsidiary of Energy Future Holdings (EFH), due to conditional approval of Public Utility Commission (PUC) of Texas to the deal.

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NextEra shows interest in buying Oncor Electric

After the delay in finalising the deal between Energy Future Holdings (EFH) and Hunt Consolidated, Inc. for the sale of the former’s transmission company Oncor Electric, Florida-based power company NextEra is renewing its interest in buying Oncor Electric.

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Federal bankruptcy judge supports EFH’s restructuring plan

Reportedly, a federal bankruptcy judge has agreed to approve the Energy Future Holdings (EFH) restructuring plan. The approval is subject to some conditions, including approval from Texas Public Utility Commission (PUC) for the sale of Oncor, subsidiary of EFH, to Hunt Consolidated, Inc.

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EFH’s restructuring plan receives approval from US Bankruptcy Court

Energy Future Holdings (EFH) has received approval from US Bankruptcy Court for restructuring, as per which the company will be split into two parts by handing over TXU Energy to senior creditors, and selling Oncor (regulated transmission and distribution company of EFH) to Hunt Consolidated, Inc.

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