> Warren Buffett Blog: Oncor may get a buyer in Warren Buffett

Thursday, October 2, 2014

Oncor may get a buyer in Warren Buffett

Warren Buffett’s Berkshire Hathaway Inc. is among other companies that signed confidentiality agreements to explore bids for Energy Future Holdings Corp.’s Oncor electricity distributor.

Oncor, which operates the largest distribution and transmission business in Texas, delivers electricity to more than 3 million homes and businesses and serves Dallas-Fort Worth. The company is prized because it’s poised to take advantage of population growth in the state and it has said it plans to invest $1 billion annually in power lines through 2018.