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Buffett’s Berkshire Hathaway bidding to buy Oncor Electric

Dallas Business Journal 7/15/2016 11:19 AM CDT

by Bill Hethcock

 

Warren Buffett’s Berkshire Hathaway has submitted a bid for Oncor Electric Delivery, joining NextEra Energy Inc. in the pursuit of a company viewed by power industry experts as Energy Future Holdings Corp.’s crown jewel, according to published reports.

Energy Future Holdings, which is operating in bankruptcy, is mulling offers that value its Oncor subsidiary at about $18 billion, according to sources who spoke to Bloomberg, which first reported the story. Bloomberg’s sources asked not to be identified because the information is private.

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