Oncor
Sempra Energy announced a $9.45 billion cash deal to acquire bankrupt Energy Future Holdings and its 80% interest in Texas utility Oncor.
Berkshire Hathaway Energy reported a $38 million increase in earnings for the second quarter because of improved performance of BHE Renewables.
NextEra Energy CEO Jim Robo said that the company would pursue a $275 million fee it says it is owed following a failed attempt to acquire Oncor.
The Wall Street Journal reported that Buffett's Berkshire Hathaway Energy is close to announcing its intent to acquire Oncor.
The Berkshire Hathaway Energy bid for Oncor won an immediate endorsement from a key PUCT official Friday, but it may have to overcome a top investor.
The Public Utilities Commission of Texas (PUCT) again refused to revisit their decision to reject NextEra Energy’s proposed acquisition of Oncor.
ERCOT’s Board of Directors approved the Far West Texas transmission project, which will result in the construction of two 345-kV lines southwest of Odessa.
The PUCT rejected NextEra Energy’s attempt to acquire Oncor, rebuffing a request to rehear a previous decision denying the proposed $18.7 billion deal.
NextEra Energy’s bid to acquire Texas utility Oncor has failed to gain traction with state regulators, who said they have not changed their minds.
Texas regulators have agreed to reconsider its recent rejection of a bid for Oncor by Florida-based NextEra Energy.
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