NextEra Energy Inc. (NYSE: NEE) agreed to buy Energy Future Holdings Corp.’s Oncor Electric Delivery Co. LLC, adding the largest electric transmission operator in Texas in a deal valued at about $18.4 billion.

The agreement is part of a reorganization plan designed to allow Energy Future to emerge from bankruptcy after restructuring $50 billion in debt, according to a statement from Juno Beach, Florida-based NextEra Friday. A takeover would require the approval from the court handling Energy Future’s Chapter 11 case and from Texas regulators.

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