Billionaire Izzy Englander Doubling Down On This Medical Device Maker

NextEra Energy Inc (NYSE:NEE) is one of the favorites to acquire the 80% stake in financial stricken Energy Future Holding’s Oncor Electric Delivery. It is the largest operator of power lines in Texas and worth more than $10 billion as per its CEO in April. The power lines operator found itself in a financial mess after the company piled up debt of $48 billion in a record leveraged buyout. Though creditors want to convert Oncor Electric Delivery into a REIT, it is possible that NextEra Energy Inc (NYSE:NEE) along with other creditors will make a bid which values Oncor at $17.5 billion. NextEra Energy Inc wants to expand beyond Florida; the company tabled a $4.26 billion bid for Hawaiian Electric Industries. Texas could be the next stop for the company even as Energy Future continues to weigh the options for its Oncor division.

American Electric Power Company Inc (NYSE:AEP) along with seven other electric utilities and energy companies are joining hands to address major events that affect the electric transmission grid. The companies are coming together to lower the lead time required to design, build and deliver critical grid equipment such as transformers and circuit breakers in times of emergency. A limited liability company or a ‘Grid Assurance’ will be formed as part of a signed memorandum. The company will seek to provide subscribers with cost-effective solutions for enhancing grid resilience while protecting subscribers from prolonged transmission outages. The limited liability company plans to charge cost-based subscription fees while staying clear of Federal Energy Regulatory Commission (FERC) regulation. American Electric Power Company Inc saw a series of open market insider transactions during the month of May. Executive VP, CFO Brian Tierney sold 3,642 shares worth $202,161. Executive VP – COO Robert Powers also sold 3,642 shares for $207,581. The third insider to unload shares was Executive Vice President Lisa Barton who made $45,462 by selling off 791 shares, while the last transaction was from Executive Vice President Mark McCullough who unloaded 816 shares in an open market transaction for $46,876.

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