Berkshire Hathaway-Oncor Deal Includes Wealth of Power Transmission Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Berkshire Hathaway Incorporated's (NYSE:BRKA) (Omaha, Nebraska) deal to acquire Oncor Electric Delivery Company LLC (Dallas, Texas) would encompass several power transmission projects being tracked by Industrial Info. Berkshire Hathaway Energy, a subsidiary of Warren Buffett's Berkshire Hathaway, announced Friday it had signed a $9 billion agreement to merge with Energy Future Holdings Corporation (Dallas), Oncor's parent company.

Oncor serves 10 million customers across Texas and operates the largest distribution and transmission system in the state, with about 122,000 miles of lines.

"Oncor is an excellent fit for Berkshire Hathaway, and we are pleased to make another long-term investment in Texas -- when we invest in Texas, we invest big," said Berkshire Hathaway Chairman Warren Buffett. Industrial Info is tracking 62 Berkshire Hathaway power projects worth $5.45 billion. For related information, see June 2, 2017, article - Conglomerate Berkshire Hathaway Features Potpourri of Project Activity and April 21, 2017, article - Buffet's Utility Backs New Green Resources, Transmission Projects.

Oncor's parent company, Energy Future Holdings, filed for Chapter 11 bankruptcy protection in 2014. If the deal with Berkshire is approved by the bankruptcy court and Texas state regulators, it would pull Oncor out of bankruptcy. However, attempts by other companies, including NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), to acquire Oncor have failed. For related information, see September 21, 2016, article - Court OKs Plan to Sell Transmission Provider Oncor.

Oncor Chief Executive Officer Bob Shapard said the Berkshire deal would give Oncor "access to additional operational and financial resources as we continue to position Oncor to support the evolving energy needs of our state."

Industrial Info is tracking several Oncor capital projects. This includes $336 million in project activity tied to the proposed Far West Texas Project, which comprises construction of roughly 200 miles of high-voltage transmission line in five West Texas counties. For more information, see Industrial Info's project reports.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.