The bidding is now open on Energy Future Holdings Corp.'s rights to Oncor, a Texas transmission business that's going up for grabs in bankruptcy, the Wall Street Journal reported on Saturday. While Oncor itself isn't caught up in the chapter 11 proceeding, the financial woes that sent Energy Future to bankruptcy opened the way for a competition over the 80 percent stake in Oncor that is indirectly owned by the Dallas power company. NextEra Energy Inc., Hunt Consolidated Inc. and others are in the running, in a competition that launched Friday evening when Energy Future filed proposed bidding rules with the court overseeing its chapter 11 case.
