Sempra Wins Chancery Fight For Hunt Share Of Texas Utility

Law360, Wilmington, Del. (January 22, 2020, 10:22 PM EST) -- A corporate offspring of bankrupt and sold-off Energy Future Holdings Corp. secured a right to buy an additional stake of a company holding 20% of Texas' largest electric utility Wednesday, after the Chancery Court waded through an "eye-watering" tangle of corporate contracts.

Vice Chancellor Sam Glasscock III found after trial that Sempra Texas Holdings Corp., created when Sempra Energy bought EFH in a $9.45 billion Delaware bankruptcy court settlement in 2018, had a preclusive right to buy Hunt Strategic Utility Investment LLC's 1% share of Texas Transmission Holdings Corp. TTHC affiliates own 19.75% of Oncor Electric Delivery Co., the nation's sixth...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!