Bankruptcy court clears way for Sempra Energy’s $9.45 billion takeover of Dallas power giant Oncor

Dallas Morning News

by Paul O’Donnell
California-based Sempra Energy has won the blessing of a U.S. bankruptcy court for its $9.45 billion purchase of Oncor, the Texas electric transmission giant that has seen three previous suitors fail in takeover bids.
U.S. Bankruptcy Judge Christopher Sontchi approved Sempra’s plan Wednesday to buy Energy Future Holdings Corp.’s 80 percent stake in Dallas-based Oncor Electric Delivery Co. Oncor’s parent, Energy Future, has …

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