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Energy Future Investors Float Oncor Takeover Via NextEra

A group of Energy Future Holdings Corp. investors offered a restructuring plan for the Texas power provider that would allow junior creditors to recover more money than under the company’s own proposal and leave NextEra Energy Inc. in control of its more profitable business.

NextEra and investors in the unit that controls Energy Future’s Oncor transmission business floated the plan in a June 18 letter to Chief Financial Officer Paul Keglevic filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware.