PUCT Delineates Deal-breakers in Oncor Acquisition Case

PUCT Delineates Deal-breakers in Oncor Acquisition Case

Mar 31, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

At the 3/30/17 open meeting, the PUCT took up the acquisition of Oncor by NextEra (NEE) for the first time since the February hearing on the merits. In stressing the importance of ring-fencing provisions in this case, including a fully independent Board, the Commissioners outlined their “deal-breakers,” noting that these are the same as NextEra’s – just from a different stanppoint. Chairman Nelson expressed the concern that the amount of debt, resulting from the deal, would exhaust NEE’s borrowing capacity. Later that day, Commissioner Anderson filed a memo, which summarised his comments that – as it stands now – the transaction is not in the public interest. Commissioner Marquez concurred with the others that NEE is a good company, but that ring-fencing provisions are still necessary. The PUCT directed staff to prepare a draft final order for consideration at the 4/13/17 open meeting – while also making it quite clear that there is time to negotiate with the other parties to the case, although an agreement acceptable to the Commission would have to have unanimous support. The final decision in the case is expected at the 4/28/17 open meeting. For detailed information about the case, please subscribe to Texas Electric Watch. If you are interested in purchasing this TEW issue, please click here. If you are interested in subscribing the Texas Electric Watch, please click here or call Competitive Assets at 512-581-0151

 Back to Texas Electric News Clips

  • Competitive Assets

    provides information and consulting for the Texas electric utility industry and is the information source relied upon by many retail electric providers, cooperatives, municipalities, generators, power marketers, brokers, aggregators, wires companies, PUCT staff, ERCOT staff, Texas legislators and staff, FERC staff, metering companies, members of the financial community, consumer representatives, and other parties interested in the Texas electric industry..

    For more, click here to visit CompetitiveAssets.com

  • News Services provided by Competitive Assets

    Texas Electric Watch

    Texas Electric Policy News

    ERCOT Monitor Reports

    ====================

    For a free trial subscription to any of these 3 news services, please send an email to freetrial. If you are interested in subscribing any of these 3 news services, please click here or call Competitive Assets at 512-581-0151

  • Texas Electric News Daily Email Sign Up

    Enter your name and email address to receive daily Texas Electric News Clip emails

    ==============================


    By submitting this form, you are granting: Competitive Assets LLC, 494 Hwy 71 W, Bastrop, TX, 78602, permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy (http://constantcontact.com/legal/privacy-statement) for details.) Emails are serviced by Constant Contact.
  • Special Reports by Competitive Assets

    How to Prepare Confidential Filings at the PUCT

    ====================

    For more information about this special report, please click here or go to CA Store-Special Reports page.

  • ERCOT Monitor Reports---New Issue

    *******************************

    ERCOT's Technical Advisory Committee (TAC) Meeting 8/25/16

    At the August Technical Advisory Committee meeting, participants considered a number of revision requests, heard an update on the Smart Meter Texas efforts, and noted the growth of unregistered distributed generation in several load zones.

    For more about the meeting, Please click here.

  • Other Services provided by Competitive Assets

    ERCOT TDU Rate Updates

    Provides updates of approved rates for TDUs in ERCOT in a spreadsheet format, updated twice per month

    If you are interested in subscribing this service, please click here or call Competitive Assets at 512-581-0151