NextEra Energy Partners (NEP) Tops Q3 EPS Views
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Nextera Energy (NEE) to Merge Affiliate with Texas Transmission Holdings
October 31, 2016 6:47 AM EDTNextEra Energy, Inc. (NYSE: NEE) announced it has reached an agreement for an affiliate to merge with Texas Transmission Holdings Corporation ("TTHC"), including TTHC's approximately 20 percent indirect interest in Oncor Electric Delivery Company LLC ("Oncor"), for merger consideration of approximately $2.4 billion, subject to adjustment. In addition, NextEra Energy has reached an agreement to acquire the remaining 0.22 percent interest in Oncor that is owned by Oncor Management Investment LLC ("OMI") for total cash consideration of approximately $27 million. If approved, these transactions, when combined with NextEra Energy's previously announced transaction to acquire Energy Future Holdings Corp.'s... More
