Sempra Energy
Sempra Energy and Oncor have reached a settlement with all parties involved in Sempra’s proposed $9.45 billion acquisition of Energy Future Holdings.
Sempra Energy and Oncor said they have added three more parties to a settlement agreement covering Sempra’s proposed $9.45 billion acquisition of Energy Future Holdings.
Sempra Energy reached a settlement agreement with several key Texas stakeholder groups over its bid for Oncor.
The Top 30 saw improved profits in Q3 over 2016, but revenues fell, and more than half of the companies saw their top and bottom lines shrink.
Sempra Energy’s financial results were hobbled by a decision to deny subsidiary SDG&E request to recoup losses stemming from wildfires a decade ago.
The Public Utility Commission of Texas (PUCT) called for Sempra Energy to prove it’s financially fit to own Oncor, the state's largest utility.
The Public Utility Commission of Texas (PUCT) approved a settlement in Oncor’s proposed swap of more than $400 million in assets with Sharyland Utilities.
Sempra said that it will rework its proposed $9.45 billion acquisition of Oncor with a new financing structure that wipes out the debt of EFH.
Sempra Energy moved a step closer to completing its takeover of Oncor after a U.S. bankruptcy judge approved the agreement.
Sempra has wasted little time getting to know Texas stakeholders, embarking on a “listening tour” just days after announcing it sought to acquire Oncor.
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