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Regulators OK $9.5B Oncor Sale, Capping EFH Bankruptcy

Law360 (March 8, 2018, 6:29 PM EST) -- A commission of Texas energy regulators on Thursday approved the $9.5 billion sale of most of power utility Oncor Electric to a California energy company, tying a bow on a central element of bankrupt Energy Future Holdings' recently approved reorganization plan.

The unanimous approval of the state Public Utility Commission's three members happened at a meeting Thursday morning and put 80.03 percent of EFH unit Oncor Electric Delivery Co. LLC in the hands of California-based Sempra Energy for $9.45 billion.

Commissioners expressed their thanks to the...
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