Fine Print in Sempra’s Energy Deal Bears a Close Examination

The New York Times

Sempra Energy’s $9.45 billion deal to buy Energy Future Holdings and its 80 percent stake in Oncor, a Texas electricity provider, bears a close read of the fine print.
Sempra, the $29 billion power company, is the fourth to make an offer for the business over the last two years. Its bid bests Warren E. Buffett’s Berkshire Hathaway energy division for the bankrupt utility and gives hedge fund Elliott Management a sweeter deal. But the transaction looks rushed and leaves Sempra with …


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