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NextEra Energy Inc. secures the winning bid of $18.4 billion for Energy Future Holdings Corp.'s controlling stake in Oncor, Texas's largest power provider. The deal allows NextEra to expand its presence as a regulated utility and bolster its position as a major player in the US energy industry. The acquisition of Oncor provides NextEra with a stable and profitable electric utility business, aligning with its strategic focus on renewable energy and regulated operations.
Saturday, 30 July, 2016