NextEra boosts offer for Energy Future’s Oncor to resolve major roadblock

|About: NextEra Energy, Inc. (NEE)|By:, SA News Editor

NextEra Energy (NEE +0.7%) has sweetened its offer for Energy Future Holdings' Oncor transmission business by $300M, raising the cash component of its deal to $4.4B from $4.1B, helping satisfy creditor concerns about the sale that will be the key to getting Energy Future out of bankruptcy.

NEE also agrees to make other changes to the proposed Oncor buyout that would allow Energy Future creditors to receive $450M more from the sale than previously planned.

Fidelity, a former opponent of a deal, now agrees to support the Energy Future bankruptcy plan, which is premised on the sale of Oncor to NEE.

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