Warren Buffett loses Oncor deal to Sempra Energy

08.21.2017  -  USA Today

A San Diego-based power company snatched Texas electrical grid giant Oncor from billionaire investor Warren Buffett, scuttling a deal that the billionaire investor had banked on to bolster his energy business.

Sempra Energy said Monday that it had reached a deal to acquire Oncor parent company Energy Future Holdings for $9.45 billion, topping the earlier $9 billion deal by Buffett's Berkshire Hathaway Energy.

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