Berkshire Hathaway Energy, a division of Warren Buffett’s conglomerate is reportedly in talks to acquire Oncor, the Texas power transmission giant. The price is not yet known, but would likely be less than the $19 billion that NextEra had hoped to pay before regulators killed its deal. Berkshire Hathaway Energy did not immediately respond to a request for confirmation of the Wall Street Journal's initial report this afternoon. It would be a big addition to Berkshire Hathaway Energy, which already operates big utilities across the west with 4.7 million customers, 33,000 miles of transmission and 32,000 mw of generation capacity. The Florida power company wanted to cut the ringfence and appoint its own directors to the Oncor board.

Source: Forbes July 06, 2017 22:07 UTC