NextEra Energy buying Energy Future Holdings in $18.4 billion deal
NextEra Energy will acquire certain of Energy Future Holdings' direct and indirect subsidiaries, including EFH’s approximately 80 percent indirect interest in Oncor Electric Delivery Company.
The definitive agreement will be filed publicly as part of the restructuring of EFH currently before the United States Bankruptcy Court for the District of Delaware.
The definitive agreement is part of an overall plan of reorganization that is designed to allow EFH to emerge from Chapter 11 bankruptcy. Bankruptcy court approval of EFH entering into the definitive agreement is required for the agreement to be binding upon EFH and Energy Future Intermediate Holding Company.
The parties will request that the bankruptcy court approve EFH’s entry into the agreement as soon as practicable.
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