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Deutsche Bank Indicates Potential 4.48% Increase In Shares Of Nextera Energy, Inc

Deutsche Bank Indicates Potential 4.48% Increase In Shares Of Nextera Energy, Inc

NextEra is committing to maintaining Oncor's Dallas headquarters in order to help the Oncor's parent, Dallas-based Energy Future Holdings, finally emerge from bankruptcy. "NextEra Energy shares Oncor's strategy of making smart, long-term investments in transmission and distribution".

NextEra Energy Inc (NYSE:NEE) mean estimate for revenue for the ongoing quarter ending Jun 16 is $4.33B by 6 analysts. NextEra will pay Hawaiian Electric a $90 million breakup fee and as much as $5 million for expenses related to the failed takeover. NextEra is unlikely to face similar difficulties because of the structure of the new deal.

"NextEra proposed to take a leadership role in the integration of renewable energy into the power grid in Hawaii", Nemeroff said.




Any buyer must have approval by the Public Utility Commission of Texas and the bankruptcy court. The 52 week high Nextera Energy, Inc.'s shares have reached is 131.98 whilst the 52 week low for the company's shares is 93.74.

The deal would eliminate all Energy Future Holdings debt hovering about Oncor, NextEra said. Oncor is widely regarded as Energy Future's crown jewel, a regulated electric utility business with steady returns that was hived off without heavy debt as a condition of Energy Future's purchase of TXU in 2007. The deal would be primarily cash, along with some NextEra stock, according to an 8-K EFH filed Friday with the U.S. Securities and Exchange Commission.

Now, it appears to have beaten out Warren Buffett's Berkshire Hathaway and Edison International, both floated as interested parties by analysts in recent weeks. Texas regulators approved the deal, but attached stipulations they said would help ensure the $250 million in estimated annual tax savings would be split with customers. Earlier this month, NextEra was summarily denied its bid in a 2-0 vote to acquire Hawaiian Electric Industries after almost two years of jockeying for ownership of HECO. If EFH opts to sell Oncor to a different company, it must pay NextEra $275 million under the terms of the agreement. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER).

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