Sempra’s offer to buy Texas electricity giant Oncor wins a key vote of confidence

By: Jeff Mosier |

The latest effort to free Oncor, Texas largest regulated utility, from bankruptcy court cleared an important hurdle Thursday.

A group of key stakeholders is backing the $9.45 billion plan to buy Oncor, which owns and manages power lines and related infrastructure for about 3.4 million business and homes, mostly in north and […]

2017-12-15T09:26:26-05:00December 15th, 2017|Texas Market|

FERC approves Sempra’s $9.45bn acquisition of Oncor

By: EBR |

The US Federal Energy Regulatory Commission (FERC) has approved Sempra Energy’s $9.45bn acquisition of Energy Future Holdings (EFH) and its ownership of around 80% in Oncor Electric Delivery Company.

In late August, California-based natural gas utilities company Sempra entered into a deal to acquire EFH in a transaction valued at around […]

2017-12-15T09:29:14-05:00December 15th, 2017|Texas Market|

ComEd just got its rate increase

By: Steve Daniels|

The calendar turns, and your electricity rates go up. That seemingly immutable law won’t be violated this coming year. State regulators today blessed a $96 million delivery rate hike for Commonwealth Edison that will add about a dollar to the average household’s monthly electric bill beginning in January.

The […]

2017-12-08T11:28:09-05:00December 8th, 2017|Illinois Market|