NextEra Sues Texas PUC Over Rejection Of Oncor Bid

Law360, Dallas (July 19, 2017, 7:53 PM EDT) -- NextEra Energy Inc. has sued the Texas Public Utility Commission, asking a Texas state court to review the agency’s rejection of its plan to buy Oncor Electric Delivery Co. LLC as part of an $18 billion deal with Oncor parent Energy Future Holdings Corp.

NextEra arguedthat the PUC made findings, inferences, conclusions and decisions that violate the Public Utility Regulatory Act, exceed the commission’s authority and are arbitrary and capricious. In a July 13 suit in Travis County District Court, NextEra said that the PUC had...
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