The US energy utility Sempra Energy has secured approval from the US Federal Energy Regulatory Commission (FERC) regarding the purchase of Energy Future Holding (EFH) and its 80% stake in Oncor. However, the transaction remains subject to other customary closing conditions, including the approval of the Public Utility Commission of Texas (PUCT), which is expected to complete the review by early April 2018. The US Bankruptcy Court of Delaware already approved the acquisition in August 2017.
Oncor is the operator of the largest electric transmission and distribution system provider in Texas (United States) with 10 million customers, 122,500 miles (197,145 km) of lines and more than 3.4 million advanced meters in the state. Sempra Energy has committed to support Oncor's plan to invest US$7.5bn of capital over a five-year period after the acquisition to expand and reinforce its transmission and distribution network.
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