Deals
Texas’s Biggest Power-Line Company Is Up for Sale (Again)
- Oncor back on the market after Hunt-led Group Withdraws Bid
- Sale key step in Energy Future’s emergence from Bankruptcy
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The biggest electric transmission operator in Texas is up for grabs once more after the collapse of a deal to take over the most profitable asset of Energy Future Holdings Corp.
A group led by Hunt Consolidated Inc. on Wednesday pulled out of the purchase of Oncor Electric Delivery Co. after regulators said ratepayers may share in future tax savings arising from the deal. That put the company, which has about 119,000 miles of lines and more than 3 million meters, back on the market.