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Sempra Energy secures FERC approval for Oncor takeover

Published 12/12/2017, 08:44 AM
© Reuters.  Sempra Energy secures FERC approval for Oncor takeover
SRE
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  • Sempra Energy (NYSE:SRE) and Oncor say the FERC has authorized the acquisition of Energy Future Holding, the indirect owner of ~80% of Oncor.
  • SRE agreed to acquire Energy Future in August, and the U.S. Bankruptcy Court for the District of Delaware approved EFH's entry into the merger agreement in September.
  • The deal closing remains subject to further approvals by the U.S. Bankruptcy Court and Texas' Public Utility Commission, among other approvals and closing conditions.
  • Now read: TransCanada's Outlook Is Favorable With Near-Term Projects And Keystone XL Project


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