Power producer NextEra Energy Inc (NEE.N) said on Monday it would buy the remaining stake in Oncor Electric Delivery Co [TXEFHO.UL] for about $2.4 billion in cash.
The company said it would buy the about 20 percent indirect stake owned by Texas Transmission Holdings Corp.
NextEra said in July it would buy bankrupt Texas power company Energy Future Holdings Corp’s 80 percent indirect stake in Oncor in a deal valued at about $18.4 billion.
That deal, which is expected to close in the first quarter of 2017, provides NextEra access to the largest network of power lines in Texas.
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