"With its strong management team and long, distinguished history as Texas' leading electric provider, Oncor is an excellent strategic fit for our portfolio of utility and energy infrastructure businesses", said Sempra chief executive Debra Reed.
Under the terms of the deal, Sempra would pay $9.45 billion in cash and finance the deal with a combination of its own debt and equity, third-party equity and an expected $3 billion in investment-grade debt at the reorganized holding company.
Lawyers disclosed that another bidder had emerged for Oncor during a bankruptcy hearing on Friday without revealing the name of the suitor.
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Sale limited the Yankees to a run on four hits and two walks while striking out 12 in seven innings during a no-decision Sunday. Among the final outs, Aaron Judge struck out once again, extending his MLB-record streak to 37-straight games with a punch out.
Energy Future Holdings, which had previously been known as TXU Corp, ran into severe financial trouble in recent years. Berkshire had offered US$9 billion, while Elliott had been working on a bid that may total US$9.3 billion. The company said it would own about 60 percent of Oncor under the deal, which would include financing from megabanks RBC Capital Markets and Morgan Stanley. Energy Future entered bankruptcy in 2014, saddled with more than $40 billion in debt due to cratering energy prices.
Texas utility regulators this year quashed a NextEra Energy Inc offer valued at US$18.4 billion including debt, after the utility giant refused to accept measures to protect Oncor's credit.
Just six weeks ago, Berkshire struck a deal to buy Oncor for $9 billion.
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In a statement , Trump said the unit would be ranked at the level of Unified Combatant Command focused on cyberspace operations. This progress has been possible thanks to the hard work and commitment of the employees of U.S.
"It is important for Oncor to remain financially strong", said Reed, who expects the transaction to bring a "satisfactory resolution" to the bankruptcy case.
The energy company said in a statement when announcing the deal that it "will maintain the existing independence of Oncor's board of directors, which has protected Oncor and its customers during the ongoing Energy Future bankruptcy". The purchase also should address the concerns of the Texas regulators, creditors, and the U.S. Bankruptcy Court, she said. An Oncor representative didn't immediately respond. It had announced rare support from utility commission and consumer groups, and it circulated a document with 44 regulatory commitments that it says parties that might intervene at the utility commission have already agreed to.
"Texas is a great state for business, and we look forward to future opportunities to invest", Abel said.
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Klein had five tackles, one for loss, half a sack and a lightning-quick blitz that set up a sack for defensive end Alex Okafor . One reason to be concerned: The Chargers' offensive line allowed eight sacks and failed to get much push in the running game .