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Sempra Energy plans to acquire indirect 80 percent majority ownership in Oncor Electric Delivery.

International Resource News-August 22, 2017--Sempra Energy plans to acquire indirect 80 percent majority ownership in Oncor Electric Delivery

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International Resource News - 22 August 2017

United States-based Sempra Energy is planning to acquire Energy Future Holdings' indirect 80 percent majority ownership in Oncor Electric Delivery Company LLC.

The deal for Energy Future Holdings' equity ownership interest in Oncor is valued at around USD9.45bn.

If approved by the US Bankruptcy Court and state and federal regulators, Sempra has announced that it aims to complete the transaction in the first half of 2018.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

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Publication:International Resource News (IRN)
Date:Aug 22, 2017
Words:120
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