- Energy Future Holdings is pressing a bankruptcy judge for approval to sell its stake in the Oncor transmission business to NextEra Energy (NEE -1.2%), Dow Jones reports.
- In court filings this week, Energy Future seeks court permission to commit to the proposed $18.4B deal with NEE and said secured creditors and most unsecured creditors of the parent and Oncor holding company can expect payment in full if the NEE sale goes through.
- NEE must apply for permission from the Texas Public Utility Commission, which killed Energy Future's original Oncor sale transaction earlier this year with Hunt Consolidated.