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Energy Future’s Woes Stunt Oncor’s Power Growth Ambitions

Oncor Electric Delivery Co., Texas’ largest power utility, may not be able to take full advantage of the nation’s fastest-growing electricity market because of capital constraints lingering from its parent’s 2007 leveraged buyout.

Oncor would have to cut dividend payments to Energy Future Holdings Corp. if the Texas electricity distributer wanted to fund another major project in the state where it serves more than 3 million homes and business, Chief Executive Officer and Chairman Bob Shapard said.