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NextEra Energy Just Agreed to buy Energy Future for $18.4 Billion

NextEra Energy just agreed to buy Energy Future for $18.4 billion

  • Energy Future, the largest power company in Texas, filed for bankruptcy on April 29, 2014, in one of the largest ever bankruptcies in the United States.
  • NextEra will buy Energy Future and its 80 percent indirect stake in Oncor through a newly formed subsidiary.
  • NextEra Energy Just Agreed to buy Energy Future
  • The agreement will be filed as part of the restructuring of Energy Future, currently before the Delaware bankruptcy court, and will allow the company to emerge from Chapter 11 bankruptcy, NextEra said on Friday.
  • After the transaction closes, Oncor will become the power delivery business of NextEra Energy, whose other units are Florida Power & Light Co and NextEra Energy Resources LLC.

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@FortuneMagazine: “NextEra Energy just agreed to buy Energy Future for $18.4 billion”


Power producer NextEra Energy has agreed to buy Energy Future and its stake in Oncor Electric Delivery in an estimated $18.4 billion deal.


NextEra Energy Just Agreed to buy Energy Future for $18.4 Billion

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