Warren Buffett’s Berkshire Hathaway Inc. wanted it, billionaire Paul Singer’sElliott Management Corp. tried to buy it, and both NexEra Energy Inc. and a group led by Hunt Consolidated Inc. made failed attempts at taking it over. On Monday, Sempra Energy struck a $9.45 billion deal to purchase a majority stakein it. Why does everyone seem to want Texas’s Oncor Electric Delivery Co.utility? Two words: Revenue growth. While power sales are weakening across most of the U.S., Oncor is still seeing revenues increase because Texas’s population continues to boom, bolstering the state’s demand for electricity.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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