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The Texas Public Utilities Commission has rejected NextEra Energy's request for a rehearing regarding its rejected bid to acquire Oncor Electric Delivery from Energy Future Holdings.
The Texas Public Utilities Commission has rejected NextEra Energy 's request for a rehearing of its rejected bid to acquire Oncor Electric Delivery Co. from Energy Future Holdings.
The PUC indicated in March that it would block the deal, before issuing an order to that effect the following month (PFR, 3/31, PFR, 4/14). Wednesday's order denying a rehearing apparently puts an end to the $18 billion transaction, which means that EFH will...