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Energy Future seeks court approval on deal with NextEra

Aug. 05, 2016 10:58 AM ETNextEra Energy, Inc. (NEE) StockNEEBy: Carl Surran, SA News Editor
  • 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.

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