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Just days after Warren Buffett said he wouldn’t go higher than
$9 billion to take over bankrupt Texas utility Oncor, Sempra Energy
has upped the ante with a $9.45 billion bid. Sempra Energy—a U.S.
utility owner—has agreed to buy Oncor Electric Delivery Co.—a Texas
power distributor—for $45 billion more than Buffett’s Berkshire
Hathaway Inc. Oncor’s parent company is Energy Future Holdings
Corp., which is already 80 percent owned by Sempra and which filed
for Chapter 11 restructuring earlier this year. The…
$9 billion to take over bankrupt Texas utility Oncor, Sempra Energy
has upped the ante with a $9.45 billion bid. Sempra Energy—a U.S.
utility owner—has agreed to buy Oncor Electric Delivery Co.—a Texas
power distributor—for $45 billion more than Buffett’s Berkshire
Hathaway Inc. Oncor’s parent company is Energy Future Holdings
Corp., which is already 80 percent owned by Sempra and which filed
for Chapter 11 restructuring earlier this year. The…
Just days after Warren Buffett said he wouldn’t go higher than
$9 billion to take over bankrupt Texas utility Oncor, Sempra Energy
has upped the ante with a $9.45 billion bid. Sempra Energy—a U.S.
utility owner—has agreed to buy Oncor Electric Delivery Co.—a Texas
power distributor—for $45 billion more than Buffett’s Berkshire
Hathaway Inc. Oncor’s parent company is Energy Future Holdings
Corp., which is already 80 percent owned by Sempra and which filed
for Chapter 11 restructuring earlier this year. The…
$9 billion to take over bankrupt Texas utility Oncor, Sempra Energy
has upped the ante with a $9.45 billion bid. Sempra Energy—a U.S.
utility owner—has agreed to buy Oncor Electric Delivery Co.—a Texas
power distributor—for $45 billion more than Buffett’s Berkshire
Hathaway Inc. Oncor’s parent company is Energy Future Holdings
Corp., which is already 80 percent owned by Sempra and which filed
for Chapter 11 restructuring earlier this year. The…