Sempra Takeover of Oncor Parent Clearing Final Hurdles

February 27, 2018

 

A US bankruptcy court has agreed to the reorganization of Energy Future Holdings, the parent company of Oncor, giving approval for Sempra Energy’s $9.45 billion acquisition of EFH.

Energy Future has a nearly-80% ownership of Oncor.

This was the last unknown if the Sempra/Oncor deal; the Public Utility Commission of Texas has to give its okay, but the PUC has reportedly already requested a draft order approving the sale.

The PUC is expected to consider final approval at its meeting on March 8th.