NextEra Can Seek $60 Million in Energy Future’s Bankruptcy Case

March 15, 2021, 8:38 PM

NextEra Energy Inc. can assert its $60 million claim against Energy Future Holdings Corp.'s bankruptcy estate for helping to preserve the value of a company Energy Future controlled and later sold its interest in, the Third Circuit held.

NextEra, one of the largest utilities in the U.S., in 2016 sought to buy Energy First’s stake in Oncor Electric Delivery Co. for $9.8 billion during Energy Future’s bankruptcy proceedings.

After the deal fell through, NextEra asserted its administrative claim, saying its due diligence and creation of a “road-map” eventually led to a deal with Sempra Energy for $9.45 billion, according to ...

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