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 …
With the intent of starting “an important conversation about the future” of the US power grid and further exploring a wide range of market factors central to the discussion, the US Department of Energy late Wednesday released its long-awaited study on grid reliability.
While DOE had remained tight-lipped since commissioning the grid study in April, stoking concerns that it would be used by the Trump administration as a basis for providing out-of-market support for struggling coal and nuclear power plants, little new ground was broken in …