Sempra Makes Big Foray Into Texas Power Market With Oncor Acquisition

摘要

Sempra Energy has become the largest electricity transmission company in Texas through its acquisition of Oncor, which delivers gas-heavy Texas power to more than 10 million customers in 401 cities and 91 counties. California-based Sempra paid about $9.45 billion in cash and assumed a comparable sum in debt to acquire the electric utility's holding company, topping a slightly lower bid from Warren Buf-fett's Berkshire Hathaway to succeed in the multi-year takeover battle.