NextEra Blasts PUC’s Rejection of Oncor Acquisition
NextEra Energy is making one final plea with the Texas Public Utility Commission to reconsider its decision earlier this year that rejected the Florida power company’s $18.7 billion acquisition of Dallas-based Oncor. In a blistering 44-page petition, NextEra argues that the PUC overstepped its authority, ignored evidence, misinterpreted Texas laws and simply used bad judgment when it refused to allow NextEra to purchase Oncor. The Texas Lawbook has complete details.