Bulletin: NextEra Energy Inc. Ratings Unaffected By Acquisition Agreement

NEW YORK (S&P Global Ratings) July 29, 2016--S&P Global Ratings said today that NextEra Energy Inc.'s (NextEra) agreement to acquire Energy Future Holdings Inc.'s (EFH) 80% indirect ownership interest in Oncor Electric Delivery Co. LLC (Oncor) does not currently affect the ratings on NextEra. NextEra will file the agreement with the bankruptcy court overseeing the bankruptcy proceeding of EFH. The agreement will become binding on EFH upon the bankruptcy court's approval. We expect to update our assessment of the impact of the transaction on NextEra's business and financial risk profiles and ratings once additional information regarding the transaction becomes available. Importantly, we do not anticipate that at any point in time NextEra will have ownership of EFH's non-utility operations.

...NEW YORK (S&P Global Ratings) July 29, 2016--S&P Global Ratings said today that NextEra Energy Inc.'s (NextEra) agreement to acquire Energy Future Holdings Inc.'s (EFH) 80% indirect ownership interest in Oncor Electric Delivery Co. LLC (Oncor) does not currently affect the ratings on NextEra. NextEra will file the agreement with the bankruptcy court overseeing the bankruptcy proceeding of EFH. The agreement will become binding on EFH upon the bankruptcy court's approval. We expect to update our assessment of the impact of the transaction on NextEra's business and financial risk profiles and ratings once additional information regarding the transaction becomes available. Importantly, we do not anticipate that at any point in time NextEra will have ownership of EFH's non-utility operations. Only a rating committee may determine a rating action and this report does not constitute a rating action....

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