Sempra Energy Chief Executive Officer Debra Reed sees a big future for electric cars and batteries in Texas now that her company has completed its $9.45 billion purchase of the state’s biggest utility Oncor Electric Delivery.
“We’re kind of the leaders in electric vehicles,” Reed said in a phone interview Friday. “With the excess wind that’s being produced in Texas during certain hours of the day, there may be some good opportunities for electric vehicles to be used in Texas to consume some of that.”